Tech Wreck Erases 'Ross Rout' Rebound As Government Shutdown Fears Grow

The Top?

Video length: 00:05:20

Bonds & bullion remain bid post the Ross Rout as Nasdaq sinks...

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And while stocks were exuberant overnight, only Trannies remain positive from the start of the Ross Rout... with Nasdaq getting monkey-hammered... (biggest reversal in the S&P 500 since Feb 2016)

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Equity momentum is getting smacked as investors rotate into Value...

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Today's 4% divergence between Momo and Value is the biggest since the election...

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Did President Trump jinx it?

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11 of the last 12 days have seen shorts squeezed (but note today's opening squeze rolled over notably)...

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Big day for banks again...

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Amid Freedom Caucus emergency meetings and 'Chuck-and-Nancy' meeting Trump, anxiety about the government shutdown deadline is starting to be seen in the T-Bill market...

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But the rotation from low- to high-taxation companies is accelerating wildly...

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Which slammed tech stocks everywhere.

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The S&P has outperformed Nasdaq for six straight days - this is the biggest divergence between their performance since May 2009...

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Treasury yields ended higher on the day with notable underperformance once again at the front-end...

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Flattening the yield curve once again to new 10 year cycle lows...

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The Dollar Index trod water today after knee-jerking higher at the open last night...

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Commodities were lower aross the baord with Crude leading the way lower...

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And as stocks sank today, Bitcoin was bid back towards record highs...

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