Turmoil In Tech, Trannies, & Tobacco As Dollar Dumps To 2-Year Lows On Dismal Data

By Tyler Durden

Some folks’ stocks turmoiled but the message is clear…

Mixed bag on the week with Trannies tumbling most since Brexit, Dow outperforming on earnings beats, and tech weighing on Nasdaq and S&P…

Today’s goal was to get the S&P green on the week and the instrument of choice was monkeyhammering the VIX again…BUT it failed!

Retailers and Energy stocks were best on the week and Utes worst…

Despite equity gains today, protection remained bid as VIX had its biggest weekly gain in 2 months…

Tobacco stocks got smoked…

FANG Stocks had their first down week in the last 4…

Jeff Bezos had an eventful week…

Treasuries ended the week higher (despite weak data, a dovish Fed) as we suspect the yuge ATT issuance and Risk-Parity deleveraging had an impact…

However, 30Y rallied back lower in yield today after GDP’s miss…

The Dollar Index tumbled back towards the post-Fed lows today after bouncing yesterday… This was the lowest weekly close for the dollar since May 2015

WTI had its best week since the first week of Dec 2016, soaring almost 9% on the week…ending the week above its 200DMA just shy of $50…

…read more

Source:: ZeroHedge