Another day, another rollercoaster of crazy volatility...
The Dow rallied a few hundred points post China GDP into the US open, then collapsed 260 points... only to pump 200 points back up after Europe closed.
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Cash markets all moved together but small caps were the tell into the close...
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Builders and Financials lagged... Tech and Industrials led... Notice energy bounced once again even as Crude hit new lows
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Biotechs at record-erer highs...
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Futures ramped after the China GDP data, dumped at the US open, ramped again after Europe closed... then started to fade
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USDJPY was in charge as once Europe closed, stocks ripped back up to catch it...
Treasuries were very mixed today with the long end closing near record lows (30Y -7bps at 2.38% on moar QE duration scarcity) and the short-end saw yields rise (2Y +1.5bps at 49.5bps)...
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banging 2s30s to fresh 6 year flats...
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The USDollar rallied (as Swissy weakened a little more)
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Oilmageddon continues... with WTI back down to a $46 handle, down almost 5% from Friday's close (but gold and silver are surging)... note the moves in commodities started after China GDP...
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With gold's best 7-day run since Aug 2011 (shifting to 5-month highs...
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Quite a run for gold...
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Charts: Bloomberg