Bonds & Bitcoin Bid As Musk Massacred, Russia Routed, & Turkey Trampled



To all the Tesla bulls who purchased previously in the week on Musk’s Tweet…

China stocks rebounded overnight

 

Blended day for Europe, Germany up, Italy down…

 

Nasdaq and Compact Caps in the US led the day (short squeeze, see beneath) but Dow, S&P, and Trannies could not maintain a bid…and the shut was actually ugly (like yesterday)…

Nasdaq’s 8th achieve in a row – very best streak due to the fact Oct 2017.

2nd day in a row with  a weak close…

 

“Most Shorted” stocks have been squeezed at every open so far this 7 days…

 

FANG Shares managed gains on the working day – but are keeping beneath the FB gap…

 

 

Tesla tumbled… erasing all the “likely non-public” tweet gains…

 

Would seem like Tesla bondholders had been on to it all along…

 

The big banks erased the week’s gains right now…

 

Amid all the chaos, Treasuries were being bid…

 

With 30Y yields tumbling following PPI…

 

And the produce curve flattened…

 

The Dollar Index ripped bigger these days (but stays in a 7 days-extensive vary for now)…

 

EURUSD is screening the critical 1.15 amount…

 

Emerging Market currencies had been a bloodbath…

Led by a 5% plus collapse in the Turkish Lira – the major drop considering the fact that Oct 2008…

 

Russia and Turkish bond yields spiked…

 

Cryptos managed a small rebound these days immediately after an unappealing 7 days…

 

Despite the surge in the dollar, commodities trod water today (no bounce in crude)…

 

Last but not least, we take note that marketplace breadth continues to be seriously lagging – Nasdaq near new highs and however much less and fewer of its members are even earlier mentioned their 200DMA…

 

And eventually lastly, who do you have faith in? US Macro facts, the Nasdaq (and its 4 or 5 stock driver), or the NYSE Composite of around 2000 shares and $23 trillion in industry cap…



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Bonds & Bitcoin Bid As Musk Massacred, Russia Routed, & Turkey Trampled

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