Treasuries rallied 4-6bps on the day (with the POMO-driven belly outperforming). The USD dumped back its knee-jerk gains on Europeans trying desparately to talk down the EUR early on. High yield credit banged higher into the close. VIX was man-handled back under 12.5% (despite being bid early). Oh - and every US equity market malted up in an insane intrday swing which seems to be pinned on the back of expctations Yellen will open her shirt tomorrow showing a big red "S" on it. So while every flow-driven market banged higher in a mad scramble of un-tapery goodnesss, gold went sideways and silver was monkey-hammered (-4.5% on the week). The last 3 days have seen "most shorted" names double the market's performance. Nasdaq's swing from low to high is the largest positive intraday move for the index in 5 months!
Squeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeze...
[4]
ok - you had your fun...
[5]
The S&P just did not stop...opening at the lows of the day and closing at the highs... (NASDAQ cash saw 66 point swing)
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And NASDAQ saw its biggest intrday low-to-high swing since June 13th!!! On fucking what!!!
[7]
Off the Debt-ceiling lows - it's actually just kinda funny...
With today looking like nothing but a huge capitulation jerk...
Treasuries rallied too...
And the USD dumped...after Europeans tried their best to jawbone it higher...
But silver was slammed and gold flatlined...
It was nearly a "deer" day today but no... so we'll settle for this...
Charts: Bloomberg