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Yen Dumped, Yield-Curve Pumped, Bonds & Bitcoin Slump
Quiet macro day with Durable Goods Orders looking like a beat - but only because of sizable downward revisions - as orders and shipments are actually down on a YoY basis. chart But stocks were messy with an opening bid immediately squelched and post-EU-close ramp faded into the US close. Small Caps were the day's laggard as Nasdaq outperformed while The Dow and S&P desperately tried to get green... chart Nasdaq and The Dow got back above their 100DMAs while Small Caps cannot hold above theirs... chart Goldman's Chris Hussey pointed out that, despite an uptick in rates today (yields on 10-year Treasuries are up ... (full story)