We suspect this NSFW clip reflects the sounds coming from more than a few investors today...
Some more dismal data this morning - yeah seriously more of it - sent the US Macro Surprise Index to its weakest level in over two years...
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Notably, the US Macro Surprise Index has dropped for 13 straight weeks (since The Fed hiked in March) - this is the biggest 3-month drop in US economic data since Lehman and 2011's Summer USA Downgrade
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And while 'weak' growth expectations has traditionally prompted panic bids in 'growth' stocks
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With the highest growth FANG stocks getting slammed to 8-week lows...before dip-butyers jumped back in again...
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While everyone was excited about the bounce in FANG stocks, we note that they closed below yesterday's lows...
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NFLX remains the biggest loser of the FANGs...
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Trannies managed to scramble into the green but Small Caps and Nasdaq were the worst, despite the drift up after the European close and meltup into the close....
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From Thursday's close, S&P is unch, Small Caps are red, and Nasdaq is ugly (down 4 of the last 5 days)...
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Financials dropped for the first time in 7 days...
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VIX topped 12 briefly but that didn't last long...Notably VIX was slammed and stocks bid right as Europe closed...
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Banks extended their gains today even as the yield curve collapsed...
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Treasury yields rose modestly on the day (with the curve bear flattening once again)...
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The yield curve collapsed even further...
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While The Fed continues to ignore the collapse of America's economy, the dollar is not...
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Though ironically, today saw the dollar index extend its gains off the rebound post-Fed lows yesterday... pushing up to unchanged on the week...
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JPY was the biggest loser today as the dollar ramped back to unch for the week...
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WTI and RBOB both got hammered again...
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And the Dollar strength sent gold and silver lower...
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Finally, Bitcoin took a pretty big spill today...but bounced back in the afternoon...
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And selling presure returned...
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