Today's market close: PPT couldn't stop equities from dropping!

in #economic • 6 years ago

https://www.zerohedge.com/news/2019-08-09/stocks-shrug-china-tensions-bonds-gold-soar-most-years

Even PPT couldn't stop the Dow from going into the red as people take the exit

Today was another ridiculous one, especially the panic bid in the last hour (absent headlines) to get The Dow into the green (Dow was the only index to make it green on the day), but an ugly close spoiled all the fun...

and those tariffs being taken away with some yuan devaluation:

Offshore Yuan continued to plunge - its worst week since June 2018...

This is insanity:
Global negative-yielding debt soared $700 billion this week (up over $3 trillion in the last month)

#implosion #price #discovery #destroyers
6 years ago in #economic by
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