S&P Stalls At Key Technical Level As Earnings Expectations Crash To 6-Month Lows

Please ignore this...

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"nothing to see here, move along"

Chinese stock markets remain closed for lunar new year celebrations, but we note that yuan slipped back...

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Italian stocks rallied - after massive demand for their bond issue - but the rest of Europe flatlined...

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Stocks tried, tried, and tried again to ignite momentum into the green but failed...(Nasdaq and S&P were the laggards on the day)...

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Futures show how desperate the algos were to keep pumping stocks to green...

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The S&P was unable to break above its 200DMA for the second day in a row...

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And has reached the most overbought level since the peak last year...

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It seems there is some mysterious bid that appears around 315pmET and lifts the market into the close (for 13 days in a row now)...

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FANG Stocks fell today... (shock, horror!)

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Stocks and bond yields have decoupled once again...

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Treasury yields ended the day practically unchanged, chopping around in a 2bps range...

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The short-term market continues to price in rate cuts in 2019 (6bps)...

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The dollar (soared) decoupled from bonds yields (lower) in the last two days - we have seen this before...

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The dollar is up 5 days in a row (longest streak in 4 months) - surging back above FOMC levels...

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The USD strength was dominated by Euro weakness...

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And Aussie tumbled after RBA comments...

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Some chaotic moves in Cryptos today...with Bitcoin Cash flying around

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