Markets In Turmoil: “Clubbed Like A Baby Seal!”

By Tyler Durden

Since Powell cut rates, Bonds and Bullion are up 6%, Stocks are down 6%, and the dollar is unchanged…

#EpicPolicyFail

Chinese stocks played catch-up with US stocks yesterday after the hope-filled tariff-delay comments…

Source: Bloomberg

European stocks were dumped today…

Source: Bloomberg

Meanwhile, elsewhere in Europe, that insane 2117 maturity Austrian bond reached $200 (after being issued at $99.502 in 2017), up 72% YTD

Source: Bloomberg

The duration of the bond is set to be around 44 years, making it the bond with the highest duration in the euro zone government debt market.

And as yields collapsed, European banks broke key support…

Source: Bloomberg

US and China stocks are exactly matched YTD (up around 14%) while Europe lags…

Source: Bloomberg

Ugly day for US stocks (down broadly 3%) as stops were run yesterday and dismal data from China and Germany sparked a big de-risking…

And on the week…

Weakest close on The Dow since June 4th and a huge drop – down 801 points – the biggest since Oct 31st.. (on 8/5 The Dow dropped 767 points, 12/04 -799pts, 10/31 -832).

Source:: Zero Hedge

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