The Real October Surprise: Stocks, Bonds, Gold, & Oil All Dump As The Dollar Jumps

Anyone else feel like this?

 

On the month, everything ended in the red

  • Bonds worst month since Feb 2015
  • Stocks worst month since Jan 2016
  • USD Index best month since Nov 2015

This is the first time since Aug 2015 (and the china devaluation crash) that stocks and bonds both closed red on the month. Note that Oil, Bonds, and Gold just happened to all end down around 3.3% on the month...

 

Which is interesting since the USD Index rose 3.1% on the month... its best month since Nov 2015...

 

Risk-Parity deleveraging was the key factor with the funds suffering their worst month since Nov 2015...

 

And a surge in December rate hike odds...

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Since Comey dropped his bombshell, bonds & bullion are bid, stocks and oil are not...

 

Stocks scrambled back to unch on the day (with Trannies surging as crude plunged) but faded into the close...

 

S&P remains on the cliff edge...

 

VIX ended the month above 17 (highest monthly close since Feb)... The closing ramp has disappeared...

 

After 5 straight down days, VIX is now up 5 straight days...

 

The USD index was very modestly higher on the day with Cable strength (Comey staying) offset buy weakness in the other majors...

 

Treasury yields fell on the day (flattening with 30Y -3bps)...

 

Leaving the 10Y yield back at 5 month highs...

 

Crude was ugly on the day as copper and silver gained most (and gold inched higher)...

 

WTI Crude crashed to a $46 handle...