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Stocks, Silver, Bonds, Black Gold, & Greenback Bid But VIX Election-Bump Worsens

Stocks, Silver, Bonds, Black Gold, & Greenback Bid But VIX Election-Bump Worsens

Tyler Durden

Tue, 09/22/2020 – 16:01

Despite the apparently clarifying headlines regarding the Senate moving forward with a SCOTUS nomination, uncertainty around the election actually increased quite notably today (even as spot VIX slipped lower)…

Source: Bloomberg

Source: Bloomberg

It’s “Shut Up and Take My Money” deja vu all over again…

Echoing yesterday afternoon’s panic-buying…

1300ET appeared to mark the buy-buy-buy avalanche moment today, pushing all the US majors into the green and ending the longest losing streak since February… (Ugly at the cash open with buying accelerating when Europe closed)…

That 1300-1400ET surge was the biggest intraday (not opening or closing) buying program  since 9/4…

Source: Bloomberg

All the majors remain below their 50DMAs but the machines were large and in charge today to get Nasdaq back to run those 50DMA stops…

Another day, another short-squeeze…

Source: Bloomberg

Defensives and Cyclicals traded similarly once again with Defensives erasing yesterday’s losses…

Source: Bloomberg

Treasuries were mixed today but in a tiny range with the longer-end very marginally higher in yield and short-end very marginally lower in yield… (Japan will be back open for trading tonight)…bonds were sold from the US open to the EU close again.

Source: Bloomberg

The dollar extended yesterday’s rip to its highest in over a month…

Source: Bloomberg

Breaking above its 50DMA…

Source: Bloomberg

Silver managed gains (but gold was modestly lower)…

Oil prices managed modest gains, with WTI back around $40…

While oil managed small gains, XOM was down (for the 14th day in the last 15), sending dividend yield soaring further…

Source: Bloomberg

Spot Gold fell back below its 50DMA…

Source: Bloomberg

Gold fell to 2-month lows against the yuan…

Source: Bloomberg

Cryptos were generally flat on the day with Bitcoin hovering around $10,500…

Source: Bloomberg

Finally, Mission F**king Accomplished Fed…

Source: Bloomberg

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