Party’s Over? Bonds, Stocks, Dollar Dive As VIX Jumps Most In A Month

For Bondholders, Big Tech shareholders, and Mexicans, here's the message…

 

Well if you thought November was turmoily, December is off to a turmoilier start…

  • Nasdaq worst 2 days in 3 months (below 50DMA)
  • VIX jumped most in a month (above 50DMA)
  • Treasuries worst since Trump election
  • Gold plunged to 10-month lows (but bounced)
  • WTI jumped to highest since July 2015

Following the worst 2 months for risk-parity funds since the taper tantrum…

 

Bonds and stocks were dumped today (as we suspect some RP deleveraging was hitting the market)…

 

A quick look at the day across asset classes shows the inflection point as Gundlach comments seemed to move markets…

 

For the second day in a row, Nasdaq was hammered at the US Open…

 

The Dow (blue) ended green  as Nasdaq (black) plunged along with Small Caps (red) and the S&P (green). NOTE: Dow closed at new record high up 68 points today (with Goldman Sachs and UNH accounting for 69 of those points)

 

VIX spiked (above 14.5) to its 50DMA and the S&P 500 fell to 8-day lows…

 

 

Another very ugly open for bonds ends on the bid… (again suggests RP deleveraging)

 

The USD Index slid lower once again once US markets woke up…

 

Gold was smacked again overnight (to 10-month lows)…

 

WTI Crude continued to rise to its highest since July 2015…

 


via Read More Here..

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s