Silver as an investment

Stocks Slump To ‘Rosengren Lows’ As Crude Carnage & China Credit Crunch Continues

Get back to work 'Mr' Yellen…

 

Very quietly – away from the mainstream media cheerleaders – Chinese money markets are turmoiling…

 

More pressure on stocks and bonds (long-end underperforming and broad equity market slide) as Risk-Parity funds plunge…

 

and in real-time… risk-parity suffered more today…

 

VIX ETF and Futures Volume was yuuge once again; suggesting something is afooot…

 

Stocks dipped with crude early on, crude spiked algortihmically on the DOE data, then slid back below $44… and stocks slowly caught down…

 

Stocks on the day desperately tried to get back to green in the last 30 mins… Nasdaq managed to hold greentoday with AAPL's yuuge move…

 

AAPL had a big day but faded…

 

But on the week stocks hit Rosengren lows…

 

Post-Rosengren, oil has crashed, stocks are slumping and bonds and gold are outperforming (but lower)…

 

Financials and the yield curve continue to converge (note 2s30s steepest since June)…

 

Treaury yields slipped lower today across the entire curve bull steepening (2Y -4bps, 30Y -1bp)…

 

The USD Index drifted lower on the day (despite further weakness in commodiry currencies) as JPY strengthened; back to unch on the week…

 

Crude was clobbered again, PMs flatlined, but Copper gained as USD slid lower…

 

Charts: Bloomberg

Bonus Chart :Perhaps the most important chart for us all…