Volume is light, as Europe remains on Easter holiday, but the volatility is back. Biotechs opened notably higher, dumped to unch, ripped to new highs, then dumped again... The S&P 500 managed to regain all last week's dump losses - but stalled then as POMO struck (the biggest in April) and AUDJPY took off in its front-running way but left stocks behind. Of course, there's no need to worry though - tomorrow is Tueaday after all.
Biotechs couldn't hold gains...
As AUDJPY decoupled on POMO and S&P revrted to USDJPY weakness...
[5]
which sent stocks to last week's highs...
[6]
before they started to dump...
[7]
Charts: Bloomberg