Stocks Suffer Worst Week In 19 Months; Dow Gives Up All “Taper” Gains
by Tyler Durden
The deer was back yesterday; but today “it’s on…”
NOT OFF THE LOWS>>>
Some context for the day: Stocks were slammed lower (TRAN -4.1%, Russell -2.5%, S&P, Dow, NASDAQ -1.8%); Treauries rallied 5bps or so on the day (but was stable during the US day session sell off); Commodities slipped 0.5% with Gold the lone performer +0.35% today; The USD was unchanged on the day (but the JPY strengthen significantly along with AUD weakness).
S&P’s worst week in 19 months…