Trumpnado Sparks Bond Bloodbath & Greatest Stock Market Rebound Since 2008 PPT Intervention

The phone call between Trump and Clinton last night?

 

This was the best day-after-presidential-election since Reagan in 1980...

 

Before you flip past this chart - look at the scales!!! Utterly massive swings in VIX futures, Gold, the peso , and stocks...

 

From yesterday's close, US equity futures crashed limit-down, only to rally massively into the green...

 

Not since the Plunge Protection Team stepped in after Bush's reassurance in Oct 2008...

On Friday, October 10, stock markets crashed across Europe and Asia. London, Paris and Frankfurt dropped 10% within an hour of trading and again when Wall Street opened for trading. Global markets have experienced their worst weeks since 1987 and some indices, S&P 500, since the Wall Street Crash of 1929.

 

On October 10, within the first five minutes of the trading session on Wall Street, the Dow Jones Industrial Average plunged 697 points, falling below 7900 to its lowest level since March 17, 2003. Later in the afternoon, the Dow made violent swings back and forth across the breakeven line, toppling as much as 600 points and rising 322 points. The Dow ended the day losing only 128 points, or 1.49%. Trading on New York Stock Exchange closed for the week with the Dow at 8,451, down 1,874 points, or 18% for the week, and after 8 days of losses, 40% down from its record high October 9, 2007. Trading on Friday was marked by extreme volatility with a steep loss in the first few minutes followed by a rise into positive territory, closing down at the end of the day. In S&P100 some financial corporate showing signals upwards also.

 

President George W. Bush reassured investors that the government will solve the financial crisis gripping world economies.

have we seen such a massive intraday swing...

Bigger turnarounds only happened three times before, twice in the final months of 2008 and the other in October 1987, data compiled by Bloomberg show.

With Dow Futures scaling a stunning 2100 points (1000 down and 1100 up) intraday (to record highs)

 

Small Caps were the day's best performer of the major cash indices...

 

This was the biggest short squeeze since the day after Brexit ("Most Shorted" stocks are now up 4 days in a row)

 

FANGs were all sold...

 

Volume was very heavy - biggest since Brexit

 

VIX ended with a 14 handle after trading over 23 overnight...

 

Bonds were a total bloodbath today...

 

The long-end saw yields swing almost 40bps from low to high - a massive move...

 

The biggest percentage move in 10Y yields ever...

 

It looked a lot like Chinese selling...

 

The USD Index swung violently lower and then higher to close well above 98.00...

 

As only cable managed gains against the greenback...

 

The Mexican Peso collapse by the most since The 1994 Tequila Crisis, bounced back a little, but ended down almost 9% on the day...

 

Silver and gold ended the day unchanged as copper soared for the 13th straight day - another new record streak (even after tumbling overnight)