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Dow, S&P Erase All ‘Omicron’ Losses; Dollar Dumps, Gold Jumps

Courtesy of ZeroHedge View original post here.

Another day, another buying-panic at the cash open in US equities. The Dow manged to 'get back to even' on the week and Nasdaq and Small Caps lead the week up over 2%…

The Dow and S&P are almost back to unchanged from the Omicron ledge…

Which makes sense as Omicron is already over in South Africa…

Source: Bloomberg

Well it is the time be jolly… or whatever…all happening as STIRs are now pricing in a 90% chance of rate-hike by May 2022 (you really think stocks are ready for that?)

Source: Bloomberg

Interestingly, 'shorts' were not squeezed today…

Source: Bloomberg

But bonds ain't buying what stocks are selling….

Source: Bloomberg

Explained at 1:00 (NSFW)…

Amid all the excitement, bonds snoozed, ending the day barely changed…

Source: Bloomberg

The dollar was clubbed like a baby seal back to the post-FOMC lows…

Source: Bloomberg

Bitcoin broke out of its recent pennant pattern, and pulled away from its 200DMA today…

Source: Bloomberg

We have seen this pattern before in bitcoin…

Source: Bloomberg

Gold pushed back above $1800….

And WTI crude is hovering at a key resistance level…

Finally, VIX has erased all the Omicron and Manchin 'BBB is done' risk…

Because hey – it's Christmas time…


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