Wall Street's latest fake mantra is "not as bad as expected". Which allows the mannekins on CNBS to claim that every company "beat" estimates, which were lowered every day during the quarter...
"Alright, we'll call it a draw"
"Alright, we'll call it a draw"
In response to the tacit breaking of the "Shanghai Accord" to weaken the dollar, the Chinese weakened the Yuan the most since the last time markets broke in January.
The RISK ON commodity, oil, and Emerging Market rallies all reversed
"Defensive" recession stocks were the weakest overall sector
The Global Dow declined to the August lows
HFT broke on average volume
Retail stabilized at lower levels thanks to "not as bad as expected" numbers out of Walmart:
JPY
EM Debt and currencies rolled over this week:
Rydex cash balances inverted:
In other words, all of the critical risk factors coalesced and got bought near the all time high this week...
In other words, all of the critical risk factors coalesced and got bought near the all time high this week...