Wednesday, September 23, 2015

Breaking Bad

The Flash Crash/rebound in August skewed a lot of charts to look as though the worst is over, from a daily perspective. The weekly view tells a different story...

New weekly lows. Today:

Entire world ex-U.S.:

European stocks (composite):

Emerging Market Credit...

EM currencies:

Canadian stocks:

U.S. junk bonds:

U.S. Biotech: Leading sector since 2009...

German DAX:

U.S. Energy stocks:

U.S. high beta (momentum stocks):

Aussie All Ordinaries: