Courtesy of ZeroHedge View original post here.
SSDD!! More vacuous vaccine headlines and a spurious tech stocks upgrade sent a message to the bears (for today)…
After a brief pause at the end of last week, buying big tech stocks is back on the agenda, with Nasdaq massively outperforming today…(NOTE how linear today's rally was)
Source: Bloomberg
And as Nasdaq surged, Small caps underperformed, reversing much of last week's "reversal"
Source: Bloomberg
This has sent Bloomberg's Fear-Greed indicator to its highest ever – above March 2000's previous peak – and as @C_Barraud notes that these highs contrasted with a plunge in March that produced record weekly lows, surpassing those in December 2018 and May 2000.
Source: Bloomberg
The surge in tech was sparked by a Goldman and Jefferies upgrade for AMZN…
Source: Bloomberg
…erasing FANG stocks' losses from Friday… (despite Goldman warning that all the big tech valuations are massively expensive)
Source: Bloomberg
And TSLA back to its old tricks…
Source: Bloomberg
Treasury yields ended the day marginally lower but bonds were sold from
Source: Bloomberg
Treasury vol has tumbled near record lows…
Source: Bloomberg
The dollar dropped back to its recent range lows…
Source: Bloomberg
Crypto weakened into the cash equity close today but held gains barely from Friday…
Source: Bloomberg
Commodities were all generally higher on the day with silver dramatically outperforming…
Source: Bloomberg
Silver futures topped $20 for the first time since Sept 2016…
Source: Bloomberg
Finally, just saying…
Source: Bloomberg