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Fed Fails To Save Stocks From Worst Losing Streak In 5 Years
11-02-2016, 04:31 PM,
#1
Fed Fails To Save Stocks From Worst Losing Streak In 5 Years
Fed Fails To Save Stocks From Worst Losing Streak In 5 Years

<p><strong>Stocks (4mo lows) and HY Bonds (3mo lows)</strong> down 7 days in a row...<strong> the longest losing streak since Nov 2011</strong></p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD4.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD4_0.jpg" style="width: 600px; height: 329px;" /></a></p>
<p>&nbsp;</p>
<p><strong><em>&quot;Fleshwound&quot;.</em></strong>..</p>
<p><iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/zKhEw7nD9C4" width="560"></iframe></p>
<p>&nbsp;</p>
<p>Post-Fed, gold and bonds were sold and oil bid which dragged stocks up a smidge...</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD11.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD11_0.jpg" style="width: 600px; height: 352px;" /></a></p>
<p>&nbsp;</p>
<p>On the day, Trannies held on to green but all stocks ended with an ugly close with Small Caps notably weak again (highest beta to credit) - Dow closed below 18,000 and S&amp;P below 2100...</p>
<p><strong>Notice The Fed bounce failed...</strong></p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD12.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD12_0.jpg" style="width: 600px; height: 381px;" /></a></p>
<p>&nbsp;</p>
<p>VIX held above 19 and S&amp;P ended below 2100...</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD13.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD13_0.jpg" style="width: 600px; height: 297px;" /></a></p>
<p>&nbsp;</p>
<p>As a reminder, stocks remain green for the year but are falling fast... <strong>(Small Caps down almost 10% from the year's highs)</strong></p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD10.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD10_0.jpg" style="width: 600px; height: 377px;" /></a></p>
<p>&nbsp;</p>
<p>Treasury yields ended the day marginally lower (long-end better than short-end)...</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD5.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD5_0.jpg" style="width: 600px; height: 316px;" /></a></p>
<p>&nbsp;</p>
<p>The USD Index fell for the 3rd day of the last 4 to one month lows...</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD7.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD7_0.jpg" style="width: 600px; height: 320px;" /></a></p>
<p>&nbsp;</p>
<p>Although it did rally after the Fed...</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD1.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD1_0.jpg" style="width: 600px; height: 317px;" /></a></p>
<p>&nbsp;</p>
<p>With Swissy and Yen strength dominant but all losing ground during the US day session to the USD</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD8.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD8_0.jpg" style="width: 600px; height: 483px;" /></a></p>
<p>&nbsp;</p>
<p>But it was Mexican Peso vol that exploded...</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_MXNVOL.jpg"><img height="316" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_MXNVOL_0.jpg" width="600" /></a></p>
<p>&nbsp;</p>
<p>Silver remains the week's biggest gainer (and oil the loser)...</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD9.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD9_0.jpg" style="width: 600px; height: 376px;" /></a></p>
<p>&nbsp;</p>
<p>WTI Crude briefly traded with a $44 handle before bouncing on the The Fed...</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD2.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD2_0.jpg" style="width: 600px; height: 471px;" /></a></p>
<p>&nbsp;</p>
<p>Erasing all the Algiers OPEC &quot;deal&quot; hope gains...</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD6.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD6_0.jpg" style="width: 600px; height: 377px;" /></a></p>
<p>&nbsp;</p>
<p><strong>Gold (back above $1300)</strong> and Silver spiked back to October plunge levels (remember that was the China Golden Week annual plunge)...</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD3.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/11/01/20161102_EOD3_0.jpg" style="width: 600px; height: 931px;" /></a></p>
<p>&nbsp;</p>


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