w

VIX Dumps, Gold Pumps, Jobless Soar As Trillion-Greenback Invoice-Bomb Looms

Tl;dr: The S&P 500 entered a novel bull market (off the October lows) as jobless claims hit a 19-month extreme…

http://www.zerohedge.com/

Dangerous information is appropriate information… or acceptable ignore the information…

http://www.zerohedge.com/

The morning began with two grotesque information factors as jobless claims jumped dramatically (proper this is the most important rise in preliminary claims one year-to-date – ex-COVID – since 2009…

http://www.zerohedge.com/

Supply: Bloomberg

…and Wholesale Product sales totals tumbling into the purple YoY (a stable recession sign)…

http://www.zerohedge.com/

Supply: Bloomberg

…pulling Treasury yields and the greenback lower and sending gold elevated because the market’s expectations for The Fed dropped dovishly lower

http://www.zerohedge.com/

Supply: Bloomberg

And endure in suggestions that, as Deutsche Financial establishment strategist Steven Zeng said in a contemporary be taught reveal, rep bill issuance of $400 billion is anticipated in June, adopted by $500 billion between July and September. In full, Zeng estimated $1.3 trillion in rep bill issuance by the discontinue of the one 12 months… all of which may properly drain enormously liquidity from the scheme.

However hiya, withhold selling vol (down 9 of the ultimate 11 days) – VIX hit a 13 cope with proper this second time, the bottom since Jan 2020

http://www.zerohedge.com/

Supply: Bloomberg

At the present time noticed a reversal of the day gone by’s chaos in fairness land with Nasdaq surging on the cash originate whereas Russell 2000 was as quickly as dumped (however the latter made a stable comeback after Europe closed). S&P and Dow rallied spherical 0.5%…

http://www.zerohedge.com/

Nasdaq was as quickly as supported by the 0-DTE merchants all day proper this second time who bought calls with every fingers and toes…

http://www.zerohedge.com/

Supply: SpotGamma

Curiously, the 'gentle landing’ reversal stalled proper this second time as Nasdaq outperformed Small Caps (however easiest modestly and even that reversed discount lower throughout the afternoon…

http://www.zerohedge.com/

Supply: Bloomberg

TSLA rallied for the tenth consecutive day (it has easiest rallied for an extended size as quickly as earlier than, in Jan 2021)…

http://www.zerohedge.com/

Oh, after which there’s CVNA…!

http://www.zerohedge.com/

Treasuries had been ship throughout the curve with the stomach outperforming (5Y -9bps, 2Y -3bps, 30Y -6bps). The 30Y yield is discount to unchanged on the week…

http://www.zerohedge.com/

Supply: Bloomberg

The greenback tumbled once more proper this second time (its largest every day descend since March) – the 2nd mountainous descend in per week – to some-week lows…

http://www.zerohedge.com/

Supply: Bloomberg

Bitcoin went nowhere proper this second time…

http://www.zerohedge.com/

Supply: Bloomberg

Oil costs plunged proper this second time with WTI discount beneath $70 and properly beneath pre-Saudi-chop ranges after headlines about it’s most likely going you will possibly moreover think about Iran nuke deal talks… which was as quickly as denied about an hour later…

http://www.zerohedge.com/

Gold surged proper this second time, erasing the day gone by’s descend as markets are all appearing love penny shares…

http://www.zerohedge.com/

At closing, the „trilemma” continues to confuse

http://www.zerohedge.com/

The greenback, tech shares and proper fees are now not alleged to behave love this appropriate right into a recession.

The greenback rallies (actuality) on elevated proper fees (check) OR rising chance aversion (now not contemporary), tech rallies (actuality) on lower proper fees (now not contemporary) OR elevated chance stroll for meals as a consequence of US exceptionalism (check).

Goldman believes that the greenback is appropriate and equities are now not.

Loading…

Komentarze

Dodaj komentarz

Twój adres e-mail nie zostanie opublikowany. Wymagane pola są oznaczone *

SEC’s Gensler Offered To Serve As An Adviser To Binance In 2019: Attorneys Claim

Is AI The Initiating place Of The Quit, Or True A Initiating place?