Commodity related stocks are leading to the downside here, as investors trample over each other for the exits. The dollar (UUP) and treasuries (TLT) are both up 0.9% and 1.4%, respectively. People are interested in deflationary trades, yet again. Hence, the old “Hugh Hendry trade” is back on.
The biggest laggards amongst large cap stocks are ARMH (-9%), CLF (-6.5%), NTAP (-6.5%), NVDA (-6%), SLW (-6%), NOV (-6%), ASML (-5.7%) and BTU (-5.5%)
Elevator down.
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Can’t keep up with all these Fly posts in one day.
That was such a scary day. I mean GS down 1.3%, AAPL down 1.6%, and the worst one, AMZN down 1.7%….
Ouch
hey fly, anyway you can make your ibc_fn twitter feed an rss feed directly through your site? twitter rss feeds are delayed by 4-6 hours …….
I’m back, bitch.
QE3? lol
Which was type of inspiring! Completely unforeseen. Now I realize what I am going to do tomorrow 🙂