Shorts Squeezed Most In 11 Months As Russell Surges But Outperformed By Gold In H1

Tyler Durden's picture

Gold is the best performing asset in H1 2014 (just beating crude oil). The USA is the worst-performing macro-economy in the world's majors in H1. The S&P 500 is up now 6 quarters in a row - its best run since 1998. The Russell 2000 had its best month since September but Trannies are leading the Dow by over 900bps year-to-date. "Most shorted" stocks had their 'best - biggest squeeze' month in 11 months. Gold and silver had great months. Today saw stocks rally then fade and bond yields rose then fell (down 1-2bps). The dollar slipped markedly on the day to 2-month lows as commodities surged (ex Oil) with Gold, silver, and copper all reaching multi-month highs (amid short-covering and CCFD unwinds). VIX closed the month higher.

 

June was quite a month for The Russell 2000 (best since Sept)...not so much the Dow...

 

As "most shorted" stocks were squeezed their most in 11 months!!

 

Year-to-date, Trannies are beating the Dow by over 900bps!

 

In H1 2014, Gold wins...

 

In H1 2014, USA's macro-surprise index is the worst... (yes worst!)

 

The S&P 500 has now been up 6 quarters in a row - its best run since 1998...

 

On the day... Stocks rose and fell... (seemingly not happy about GM)

 

Bond yields rose and fell...

 

Commodities surged (ex Oil)...

 

The USD was hammered today - its worst 2-day drop in months...

 

Charts: Bloomberg

Bonus Chart: GM "Total Recall" fallout...