US Equity markets started green and ended green despite giving back some POMO gains in the afternoon. The Russell 2000 closed at all-time highs with the best day in a month (up over 2% from yesterday's lows)... on the day the US government shutdown for the first time in 17 years.
We will say no more as even the TV's talking heads were afraid of what man-behind-the-curtain that exposes. VIX and Treasuries were not as exuberant as stocks and in fact the S&P retraced back to their realties (and VWAP) before the 330RAMP began and took us to the highs. The USD dumped early (EUR strength on Italy) but clambered back to only a small loss on the day. The big news was in commodity-land where gold and silver were smashed early (and silver rebounded) as were copper and oil. The lunatics had full control into the close as VIX was Heisenberg'd (along with EURJPY) taking the S&P to its highs of the day - totally incredible.
Stocks caught down to bonds from early exuberance - then went fully vertical into the close...
But gold and silver were the big story of the day... though all commodities were hammered...
It would seem like we need moar shutdowns...
Charts: Bloomberg



