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:



IPOs