-
Stocks Slammed As Credit Cracks, Retail Routed, Yield Curve Craters
The Fed trying to hit its inflation goal...Chinese stocks are outperforming Europe and US this week (thanks to a panicking PBOC throwing liquidity at it)...As buying-panics keep rescuing stocks...European Stocks were uniformly ugly today...And after a stunningly bad German unemployment print, bunds tumbled even close to record low yields... US markets traded very much in sync today, chopping and popping together with a late-day surge that dragged us "off the lows"... Dow briefly lost 25k intraday The buy program hit at around 1530ET - biggest in 3 days...S&P and Nasdaq both broke below their 200DMA today (joining ... (full story)