Dollar’s Best Day In 6 Months Sparks Stock Slump, Bond Jump
By Tyler Durden
For those anxiously Buying in May…
The machines giveth (in low volume meltup) and the data (Global PMI plunged to cycle lows following China's update overnight, not helped by EU's downgraded growth and inflation outlook) taketh away..
From Friday, Trannies and Small Caps are the biggest losers and Nasdaq danced at unchanged…
AAPL broke its longest losing streak since 1998… (thank you Jim Cramer and Buybacks)
VIX jockeyed with 16 all day…
As “Most Shorted” stocks plunged the most in 2 months…
HY bonds (HYG) had their worst day in 2 months as HY spreads spiked notably more than stocks…
Treasury yields collapsed today by the most in 3 months…
As The USD Index surged on EUR and AUD (RBA rate cut) weakness…
Today was the Bloomberg Dollar Index's best day since Nov 2015…
Post-European open dollar strength took the shine off commodities, though PMs were the least impacted…
Crude slid back to a $43 handle befopre tonight's inventory data…
Charts: Bloomberg
Source: Dollar’s Best Day In 6 Months Sparks Stock Slump, Bond Jump
