S&P Falls Back Below 3,000; Gold Spikes As Trump Taunts China At UN

Momentum is dramatically bid this morning as bond yields and bitcoin tumble and the S&P 500 reverses early gains following disappointing consumer confidence data and Trump hitting China at the United Nations...

• *TRUMP SAYS CHINA HASN'T ADOPTED PROMISED REFORMS

• *TRUMP SAYS CHINA USES HEAVY STATE SUBSIDIES, STEALS IP

• *TRUMP SAYS WTO NEEDS DRASTIC CHANGE

• *TRUMP SAYS HE MET WITH MICRON CEO, HEARD OF IP THEFT IN CHINA

• *TRUMP SAYS WORLD EXPECTS BEIJING TO HONOR TREATY ON HONG KONG

Value factor is being sold as momo goes fomo...

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Source: Bloomberg

Treasury yields are also diving, below yesterday's lows...

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Source: Bloomberg

And Bitcoin is being dumped to near one-month lows...

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Source: Bloomberg

As the S&P 500 loses 3k again...

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And gold spikes back above $1530...

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