Stocks Shrug Off Sentiment Slump As Century-Old Signal Flashes Red

Another ugly week for stocks (as Goldman's trading desk put it)...

Nauseating week stuck in a macro-driven chop. 

Posturing still leans defensive with feedback suggesting the mkt is testing the 'pain point' for policy and that the Trump Put hasn't been removed from mkt, just re-struck lower. 

Plenty of oversold conditions out there. 

Though it feels like most of the acute damage is behind us, the mkt is lacking a clear catalyst and there’s built up scar tissue post a series of market fades.

...and another strong week for precious metals as Gold topped $3,000 for the first time ever...