Stocks Extend Friday's "Sell The News" Trade 'Deal' Losses

Chinese markets rallied in the morning session then trod water (closing before China's statement)

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Source: Bloomberg

European markets ended lower with UK's FTSE worst (after its mega-spike on Friday) as Brexit hopes faded again...

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Source: Bloomberg

US futures show the overnight tumble when China's statement hit (around 5amET)...

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On the cash side, Nasdaq outperformed - desperately clinging to green on the day as Small Caps and Trannies underperformed...

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Extremely low volume today (Columbus Day)...

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Source: Bloomberg

Treasury markets were closed due to Columbus Day, but TSY futs suggested a 2-3bps compression in yields...

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Source: Bloomberg

The dollar limped higher on the day...

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Source: Bloomberg

Yuan strengthened for the 4th days in a row...

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Source: Bloomberg

Cable ended weaker (despite a mid-morning pump'n'dump)...

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Source: Bloomberg

Cryptos are mixed with Ripple notably outperforming and Bitcoin unch...

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Source: Bloomberg

Oil was worst as PMs managed modest gains...

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Source: Bloomberg

Oil was weak today after doubts re-emerged on the trade deal (demand) and costs (tanker costs soaring)...

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Gold futures briefly got back above $1500 but failed to hold it...

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And finally, there's this...

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It's deja vu all over again... but is it 1987 or 2013?

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Source: Bloomberg