Below are some key callouts from Keith McCullough on Twitter this morning.
around the world
- CHINA: stocks bounce +0.9% post the -5.2% smackdown Thursday and remain in crash mode, -26.8% since Global Growth peaked in JAN
- JAPAN: stocks bounce but only +0.46% for the Nikkei post a -3.9% decline Thursday
- GERMANY: +0.6% on the DAX bounce off bombed out lows
- LONDON: stocks only +0.55% on the bounce
The # of PMs and people on Old Wall TV that were pushing "Buy Europe" over a year ago today haven't been held to account
GOLD: after a big bear market bounce day, falls -0.5% this morning - watching this closely. At a point I'll go bullish.
Bottoms are processes, not points
UST 10yr Yield = 3.17% after starting the week at 3.23% and tapping 3.26% at the top-end of the @Hedgeye Risk Range