Saturday, January 9, 2016

Market Massacre: Worst Ever First Week Of Trading

This was the worst first week of the year for US equities... ever!
Dow... (even worse than 2008)
Market Massacre: Worst Ever First Week Of Trading

S&P...
Market Massacre: Worst Ever First Week Of Trading

Europe was a disaster...
Market Massacre: Worst Ever First Week Of Trading

And epic for China...
Market Massacre: Worst Ever First Week Of Trading

And while only Trannies are in a bear market (down 20%) in the US, these 7 developed world markets are already there...(h/t SocGen's Andrew Laphthorne)
Market Massacre: Worst Ever First Week Of Trading
Commodities were very mixed this week...
Market Massacre: Worst Ever First Week Of Trading

Gold rallied 4% this week - its best 'first week of the year' since 2008... (best week in 5 months) - breaking 2 key technical levels...
Market Massacre: Worst Ever First Week Of Trading

Crude down 5 days in a row touching a $32 handle at the lows... biggest weekly drop since Nov 2014
Market Massacre: Worst Ever First Week Of Trading

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