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!

Crypto, Gold, Oil, & Stocks Soar On Dismal Data As Dollar Dumps

Courtesy of ZeroHedge View original post here.

EU consumer sentiment tumbled this morning (mirroring US' sentiment collapse) and US PMIs both plunged to multi-month lows… that's great news right? US economic surprise data plunged to -45.5 – as bad as it was in March 2020 – and global economic surprise data has been tumbling for weeks and just went negative…

Source: Bloomberg

'Bad news is good news' for stocks (and vol-selling flows) as Taper Tantrums are potentially delayed and stocks roared higher at the cash open and never looked back. Small Caps and Nasdaq were the most impacted by panic-buyers as vol-sellers dominated… The last few minutes some profit-taking on the day's gamma-squeeze malarkey…

Put graphically all of that equates to this…

The last two days were the biggest short-squeeze since early June…

Source: Bloomberg

As the major indices push back to record highs, the 'median' US stock has been falling for three months…

Source: Bloomberg

Energy stocks soared today (after an ugly week last week) as oil prices rebounded. Utes were weakest…

Source: Bloomberg

VIX was monkeyhammered back down to a 16 handle today…

Equity markets were completely divorced from bond markets today…

Source: Bloomberg

Treasury yields ended down very marginally on the day (5Y/7Y -1bps) after being sold during the Asia session and bid during EU/US…

Source: Bloomberg

The Dollar extended Friday's losses today with no looking back…

Source: Bloomberg

Bitcoin spiked back above $50,000 for the first time since May…

Source: Bloomberg

And Ethereum topped $3300…

Source: Bloomberg

Gold spiked back above $1800, erasing the payrolls/flash-crash loses…

Oil prices rebounded very strongly – up over 5.5% – with WTI back to $66 briefly before fading…

Finally, as we noted earlier, credit markets are flashing some serious red light about this ongoing ramp in stocks (HY credit is wider 7 straight weeks – the longest streak since 2014)…

Source: Bloomberg

"probably nothing"


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!