Margin Call: Burst Of Sell Orders At 2:43PM Was Highest Since The Flash Crash

Earlier today, when looking at yesterday’s dramatic market plunge, we highlighted a note from BMO technical analyst Russ Visch who showed that, according go the NYSE “ARMS” Index which is a means of determining market strength or weakness by analyzing the relationship between advancing stocks…

These Are The Three Things That Could End The Market Sell-off

Yesterday’s violent US selloff was so sharp that US stocks are now back to where they were in the middle of January after peaking in September. And as noted earlier, the rout has spread with stock markets in the rest of the world following lower….

McElligott: This Is Why Yesterday’s Monster Selloff Was Different

There was something different about yesterday’s furious rate selloff. That’s the post-mortem take from Nomura’s cross asset strategist Charlie McElligott, who notes that amid yesterday’s “Monster” rates selloff, overall volatility was surprisingly mundane (although it is certainly ticking up today, now that the liquidation has…

WTI Holds Gains After Cushing Stocks Build Most Since March

WTI held above $75 today but did not extend yesterday’s surge gains ahead of tonight’s API print. After last week’s surprise build, crude was expected to build again, and did but it was Cushing that surprised with the biggest rise in stocks since March. “It…

Ugly, Tailing 5Y Auction Prices At Highest Yield Since September 2008

After yesterday’s ugly, tailing 2Y auction, moments ago the Treasury sold $38 billion in 5 Year paper in an auction that was just as forgettable, and perhaps just as weak. The high yield came in just shy of 3%, or 2.997%, a generous 0.4bps tail…

China May Skip Trade Talks, Cripple US Supply Chains After New Trump Tariffs

When discussing yesterday’s WSJ report that the Trump admin may slap the new, $200BN round of tariffs on Chinese imports as soon as tomorrow, we said that such an escalation would likely derail talks with top Chinese officials, currently scheduled in Washington for Sept. 27…

Sweden Elections: Nationalist Right Surge Forces Political Realignment!!!

Here’s why the Sweden Democrats were the REAL WINNERS in yesterday’s elections!!! Support me on PATREON: https://www.patreon.com/drsteveturley or Tip me on PayPal: https://www.paypal.me/drsteveturley Get your copy of ‘Life After Google’ here: https://amzn.to/2wQeRDD ‘Back to School’ discount! Get your $7.95 copy of ‘Classical vs. Modern Education’…

Take Your Pick America – ISM/PMI See US Economy Rebounding/Slumping

After yesterday’s incredibly mixed manufacturing survey data, today’s Services sector data was just as Schizophrenic. Markit’s Services Sector PMI survey missed expectations and dropped to 4-month lows as output, new orders, and employment growth all slowed notably. Although still solid, Markit’s PMI suggests the rate…

Jacksonville Shooter Had Mental Health Issues, “Weird” Online Persona

With virtually all details about the perpetrator behind yesterday’s tragic Jacksonville shooting, David Katz, having been disclosed in the past 24 hours, one question remained: what was his motive to open fire at the Madden NFL 19 competition at the Jacksonville Landing entertainment complex, killing…

US Housing Market Slump Continues: New Home Sales Tumble In July

Following yesterday’s hope-crushing drop in existing home sales (weakest since Feb 2016), new home sales were expected to rebound 2.2% MoM after crashing over 5% in June, but they didn’t as new home sales tumbled 1.7% MoM (after upward revisions). June’s 5.3% drop was revised…