Since early this morning when Germany dropped its nasty econ bomb, the US has been bid. It's not like Europe was sold, it's just that US Treasuries, US Equities, and US-denominated Gold have been on a tear (as the USD has been sold). Equity volumes remain dismal but apart from a near-vertical snap up to VWAP, AAPL has been going the opposite way all day (down!)... Or perhaps, now that Europe is closed, someone just leaked the election results given that ridonculous surge in S&P futures?
Is ES trying to snag 1429 (the 50DMA) again? or just playing catch up with Gold?
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we've seen this before... vertical ramp and then parabolic dump...
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and AAPL - finding comfort among the VWAPs...
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Equities are all alone again in their risk-on over-zealousness...
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Charts: Bloomberg and Capital Context [7]