Breuphoria - Stocks Explode Higher On Biggest Short Squeeze In 7 Years

We hope this helps...

 

Quite a week!!!

  • S&P +3.3% - best week since Oct 2014 Bullard Bounce
  • "Most Shorted" stocks =10.1% in last 4 days - biggest squeeze since May 2009
  • Financials +3% - best week in 3 months
  • 30Y Treasury yield to record low - best week in 3 months
  • Silver +11.25% - best week since Aug 2013
  • Gold up 5 weeks in a row
  • Oil +3.2% - best week in six weeks
  • Copper +5.5% - best week in 3 months

Since Brexit, bonds and bullion remain best and stocks tried their best to scramble back to unch...

 

The Dow has been the best post-Brexit performer... gettuing with 9 Dow points of the pre-Brexit close...

 

S&P at 2,100 and Dow at 18,000 were as crucial as getting green to Brexit...

TS S&P/DOW

 

On a yuuge short squeeze...(biggest weekly rise in "Most Shorted" in 4 months)

 

BUT the last 4 days' 10.1% surge is the biggest since May 2009!

 

On no volume...

 

It's been quite a few weeks for VIX... its biggest drop in history this week

 

While financials had a great week, they are still down over 2% from Brexit...

 

And the curve just keeps running away from them...

 

Treasury yields have tumbled since Brexit, reaccelerating lower today...

 

To record lows for 10Y and 30Y...

 

As 2s30s curve crahses to its lowest since Jan 2008 - when the last recession was underway...

 

FX markets were choppy but volatility dropped as The USD Index slid 4 days in row...

 

Commodities all rose on the week but Crude remain slower post-Brexit as Silver explodes...

 

Crude rallied thgrough the NYMEX close for the 10th day of the last 11 and extended on...

 

Silver is up 14% in the last 6 days post-Brexit... pushing for $20... the biggest surge since August 2013...

 

Charts: Bloomberg

Bonus Chart: What Happens Next?

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