Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Tech Wrecks As Bitcoin, Black Gold, & The Buck Burst Higher

Courtesy of ZeroHedge View original post here.

Global supply-chain fragility was once again exposed as a giant container ship got stuck sideways in the Suez Canal (through which a major percentage of global trade and energy supply flows).

Still could have been worse…

The possibility of 13-15-day delays if tankers are forced to 'go around' sparked a panic-bid in crude oil (despite significant crude builds). This was WTI's best day since early Nov (the vaccine headlines)…

The dollar was also bid, back to 2-week highs…

Source: Bloomberg

And bitcoin surged overnight, back above $57, but faded late on as the dollar extended gains…

Source: Bloomberg

Small Cap and Big-Tech stocks were clubbed like a baby seal…

On the week, it's a Small Cap collapse (down over 6%) as all the other majors revert back to unch (Nasdaq and Small Caps are red for March now)…

Ugly days for hedgies's favorite holdings as "Most Shorted" stocks also tanked…

Source: Bloomberg

Cruise Lines crashed back to earth after CDC guidelines were extended to Nov…

Source: Bloomberg

Cathie Wood's Empire continued to collapse again…

GME was monkeyhammered down 30% today after the earnings call failed to inspire…

INTC had a wild ride today, from overnight exuberance to utterly dumped by the close…

So tech is now wrecking as bond yields tumble?

Source: Bloomberg

Bonds rollercoastered (bid during Asia, dumped during Europe, bid during US), but ended lower in yield on the day (10Y -2bps)…

Source: Bloomberg

This is the 3rd daily yield drop in a row, the longest streak since Dec 14th…

Source: Bloomberg

Commodities were mixed with crude surging (see above) as copper dipped and PMs were flat.

Source: Bloomberg

Finally, US Macro Surprise Index data has tumbled to its weakest since early June this week…

Source: Bloomberg

And in case you wondered why stonks have basically gone nowhere for a while, it's The Fed stupid (and their central bank peers)…

Source: Bloomberg

Time to crank up the printing press once more because 'stable' asset prices is not good enough.

 


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!