Tuesday, August 25, 2015

WEDNESDAY 8/26/15; SSEC Sells Off Despite Stimulus; ANF; Durable Goods; European Stocks Selloff; US Stocks Print Record Rally; AVGO; PVH; WSM; WDAY

Nikkei Index futures point to a lower open. US futures remain in a bad mood. S&P -18. Dow -140. Nasdaq -52.

At 9 AM Tokyo time (8 PM EST Tuesday evening), the NIKK begins trading higher gaining +0.5%. Australian and Korean stocks trade marginally lower. Japan says the stadium for the 2020 Olympics is behind schedule and over budget.

Asian indexes print a mixed session after 































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Hot shot activist investor Bill Ackman at Pershing Square releases a note to investors that the hedge fund is negative on the year. NKE, UNH and HD each remain up over +10% on the year.

Euro 1.1324. Dollar/yen 120.18. Pound 1.5465. WTIC oil 39.00. Brent oil 43.64. Natural gas 2.679. Gold 1124. Silver 14.125. Copper 2.2685.

US Treasury yields are; 2-year 0.68%, 5-year 1.485%, 10-year 2.181%, 30-year 2.935%. The 2-10 spread is 150 bips indicating a steepening yield curve up from the high 130’s last week. Japan 10-year yield 0.377%. German bund 0.711%.

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