Feature your business, services, products, events & news. Submit Website.
Breaking Top Featured Content:
Stocks Extend Win-Streak Ahead Of J-Hole; Kam-unist Manifesto Accelerates Dollar-Collapse
US equities rallied for the 8th straight day today (despite Leading Indicators slumping for the 29th straight month), with Nasdaq up 13% off its post-yen-carry-chaos lows – the longest win streak since Nov 2023.
Small Caps and Nasdaq led the rip today, The Dow lagged, but all the majors were higher. The last few minutes of the day saw yet more panic-buying pressure…
VIX spiked at the open today (back above 16) but faded all day to end modestly lower with a 14 handle…
Another major short squeeze lifted Small Caps…
Source: Bloomberg
Mag7 stocks continued their dramatic rebound, rallying up to a key technical resistance level…
Source: Bloomberg
The dollar continued its collapse, as the DNC unveiled its Kam-unist manifesto…
Source: Bloomberg
Gold held on to its gains amid the dollar weakness, holding near record highs above $2500…
Source: Bloomberg
Treasuries were relatively quiet today (though choppy) with the short-end underperforming (2Y +1bps, 30Y +2bps)…
Source: Bloomberg
The 2y remains above 4.00% (and well above last week’s CPI spike lows), but the 30Y has retraced all of the spike and then some…
Source: Bloomberg
Crypto was hit overnight, but bitcoin rallied back above $59,000 as stocks surged during the US day session, back up near pre-CPI levels…
Source: Bloomberg
Crude was clubbed like a baby seal today, with WTI testing back down to a $74 handle (at post-payrolls drop lows)…
Source: Bloomberg
Finally, be careful what you’re betting on from Powell at Jackson Hole this week…
Source: Bloomberg
The last few years it’s been a sell-the-news event.
Tyler Durden
Mon, 08/19/2024 – 16:00
Continue reading at ZeroHedge.com, Click Here.