Stocks Suffer Longest-Losing Streak In Over A Year As Dollar Dump Continues

Featured Story

Stocks are down for the 3rd week in a row – yeah we know!!! – leaving levered-call-buying RH’ers facing something they likely haven’t seen in their trading careers (this is the longest losing streak since August 2019)…

The Dow ended the week almost perfectly unchanged.

This leaves The Dow down over 3% YTD and the S&P 500 up just over 2% YTD…

Source: Bloomberg

Is it time for The Fed to start “getting back to work” on their balance sheet now that rates are impotent…

Source: Bloomberg

All that ‘work’ and “you get nothing”…

The Nasdaq 100 is down over 12% from record highs (so much for BTFD)…

The S&P 500 and Nasdaq closed below their 40DMAs. Small Caps managed to bounce off the 50DMA (after breaking below) and The Dow bounced perfectly off it…

FANG Stocks plunged to their lowest since late July (down 17% from the highs)…

Source: Bloomberg

Very choppy week in quant-factor land with Value and momentum swapping places day after day…

Source: Bloomberg

Notably, Quad Witch sparked some shenanigans in the vol-stock complex today…

Source: Bloomberg

And the Gamma pivoted around 270 Strike for Nasdaq QQQ…

Despite equity weakness, Treasury yields rose very modestly on the week…

Source: Bloomberg

The Dollar Index fell this week, after two weeks of gains…

Source: Bloomberg

Cryptos were largely higher on the week (Litecoin lower), led by Bitcoin

Source: Bloomberg

Bitcoin was, however, unable to hold on to $11k…

Source: Bloomberg

Oil dominated commodity-land with copper also higher and PMs marginally so…

Source: Bloomberg

Gold remains increasingly range bound…

And a big reversal in WTI (back above $41)…

Ags had a huge week as Corn, Soybeans soared on China chatter…

Source: Bloomberg

Finally, 1930 called again…

Source: Bloomberg ZeroHedge

StevieRay Hansen
Editor, BankstersCrime

God often uses men who are not of the best moral character. Pharaoh, Nebuchadnezzar, Cyrus, Herod, and Trump (amongst others), to accomplish His will in events He orchestrates during human history. We either trust the sovereignty of God or we don’t. Nothing happens apart from Him…

The best index to a person’s character is how he treats people who can’t do him any good, and how he treats people who can’t fight back…

The Birth Pains Are Growing Stronger….

One of the signs of ruling class collapse is when they can no longer enforce the rules that maintain them as a ruling class. When the Romans started making exceptions to republican governance, it was a matter of time before someone simply decided the rules no longer applied to them. Perhaps the robot historians will consider Obama our Marius or Sulla. Maybe that person is in the near future. Either way, the rule of law is over and what comes next is the rule of men.

“Don’t piss down my back and tell me it’s raining.” Outlaw Josey Wales

WE NOW LIVE IN A WORLD THAT IS PURE FABRICATION

Don't Miss

Crime Pays: Goldman Strikes $2BN Deal With DoJ To Avoid All Charges Tied To 1MDB

By StevieRay Hansen

Goldman Sachs is reportedly on the cusp of settling one of the biggest criminal cases involving a Wall Street bank since the financial crisis: According…

Read More

Futures Jump Ahead Of Tuesday Stimulus Deadline

By StevieRay Hansen

Bulls will breathe a sigh of relief that on the 33-year-anniversary of Black Monday (when the Dow dropped 22.6% on this day in 1987) futures…

Read More

This Is Not Sustainable, Were Watching What the World Is Now Calling the Great Reset

By StevieRay Hansen

(Reality–New World Order Pukes ) Our President Knows the End Is Near With the Current Financial Apparatus… The U.S. government spent more than $3.13 trillion…

Read More

Banks Are In Trouble: Wells Tumbles As Revenues Plunge, NIM Hits Record Low, Warns On Payment Deferrals

By StevieRay Hansen

If there is one constant during earnings season, it is that no matter what the other banks do, Wells Fargo will always shit the bed,…

Read More

No Stimulus, No Problem: One Bank Sees “No Armageddon” Without A New Stimulus Deal

By StevieRay Hansen

In recent weeks, many have opined – this website included  – that with the US economy careening into a double dip recession (or perhaps depression), it is…

Read More

The Pandora’s Box Of Fed’s Digital Currency Will Ignite An “Inflationary Conflagration”

By StevieRay Hansen

We most recently described the Fed’s stealthy plan to deposit digital dollars to “each American” during the next crisis as a unprecedented monetary overhaul, but…

Read More

Citigroup Hit With $400 Million Fine Over AML Failures That Led To Mike Corbat’s Downfall

By StevieRay Hansen

The Comptroller of the Currency has finally handed down its punishment for the compliance failures that helped bring about an end to the tenure of…

Read More

World’s Top Oil Trader Is Now A Used Car Salesman

By StevieRay Hansen

Vitol Group, the world’s largest independent oil-trading firm, has been startled by the prospects of peak oil demand as it must diversify operations today to…

Read More

De-Dollarization Trend Remains Intact

By StevieRay Hansen

Global de-dollarization resumed in the second quarter according to data recently released by the International Monetary Fund (IMF). While the dollar share of global reserves increased in the…

Read More

The SEC Is Making Deutsche’s CEO Personally Responsible For Bank’s Crimes

By StevieRay Hansen

Since launching its last major international expansion push in the late 1990s, Deutsche Bank has become knonw – particularly over the last ten years –…

Read More
Posted in ,

StevieRay Hansen

Leave a Comment