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‘Traders’ Panic-Buy Stocks, Shrug Off Nuclear Armaggedon, Debt Ceiling, & Biblical Flood Fears

Courtesy of ZeroHedge. View original post here.

If NKorea doesn't launch a rocket tonight, stocks may sell off tomorrow

— zerohedge (@zerohedge) August 29, 2017

Blink and you missed it…

The message from the plunge/panic protection team is clear…

For a few brief hours overnight – until the bell rang at 0930ET on the NYSE – investors were anxious about North Korea's most provocative yet missile launch, the terrible flooding disaster in Texas, and lest we forget, the looming debt ceiling debacle. But all of that was instantly forgotten as the machines took control and lifted stocks higher practically all day on a sea of USDJPY-ignited momentum.

200 Point ramp in The Dow from overnight lows, but Nasdaq's 90 point explosion is ridonculous!

Spot The Odd One Out…

Trannies were best on the day, followed by Nasdaq…

FANG Stocks soared over 2.1% off the opening lows…

S&P algos were utterly desperate to get it to close back above its 50DMA…but failed

All thanks to a triple-pump-short-squeeze…

Treasury yields ended the day lower but well off the lows of the day…

10Y Yields touched 2.08% intraday – lowest level since the election – before bouncing back to 2.14%., just above June's 2017 low close…

The Dollar Index – like everything else – U-turned today at the US open – magically – elevating off lowest levels since 2014…

JPY and EUR were the weakest as the dollar soared back to life…

Just look at USDJPY!!

And it appears Kuroda's magical hand was at play as JPY-carry pulled stocks all day…

WTI was lower again today (testing $45 handle) and RBOB jumping to another new high, ahead of tonight's API data…

Gold ended the day lower…

Bitcoin surged overnight, but didn't give much back…


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