Courtesy of ZeroHedge View original post here.
Mnuchin's "difficult to get a deal done before the election" prompted weakness in stock markets but a glance at Nasdaq and it would seem that as op-ex looms on Friday, the 'gamma-squeezers' have backed off…
Source: Bloomberg
It's a mad, mad world for sure…
While Trannies managed gains today, all the majors ended clustered together in the red, led by Nasdaq and Small Caps (ugly close)…
With The Dow and Small Caps back into the red for the week…
Banks were battered again…
Source: Bloomberg
Led by BofA and Wells Fargo…
Source: Bloomberg
Financials continue to track the Treasury curve…
Source: Bloomberg
Election uncertainty improved modestly today but remains highly elevated…
Source: Bloomberg
HY bond spreads reached back to their tightest since COVID…
Source: Bloomberg
Treasury yields were modestly bid today, led the long-end…
Source: Bloomberg
With 30Y back at 1.50%…
Source: Bloomberg
The dollar dumped today (as cable rallied), erasing yesterday's gains…
Source: Bloomberg
Cryptos were broadly lower today…
Source: Bloomberg
Gold futures rallied back above $1900…
Silver futures bounced higher off $24…
And oil gained with WTI back above $41 ahead of tonight's API inventory data…
Finally, "do you even lift?"
Source: Bloomberg
1000% since the March lows – 'natural' gains!