• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Futures Soar To All Time High On Summers' Exit

Tyler Durden's picture




 

"The (potential) hawk is dead, long live the doves," appears the chorus of approving 'traders' who have just bid the S&P 500 futures up over 1% to a new all-time high. The USD is getting monkey-hammered, Gold futures jumped $20 and Silver futures are up 3.5% (from the Friday PM fix) but are fading back close to the Friday trading close. Treasury futures open up over 1 point (implying 30Y -4bps, 10Y -8bps, 5Y -11bps) - jubilant at the money-printing to come - oh and WTI crude is -1.3% at $107.

BTFATH!!!

 

and sell the USD...

 

and TSY Futures...imply TSY yields are dumping belly first

 

Of course we've seen these kind of knee-jerk epic stop-run reactions when a 'leader' steps aside before - cough Ballmer cough - and that didn't end well.

 

Charts: Bloomberg

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