"They're Buying Everything" - Stocks, Bonds, Oil Surge As VIX Tumbles To 13 Handle

This...

 

It appears today was the "opposites" Day

  • After days of carnage, the Mexican Peso surged
  • After a meltup, US financials tumbled (but were magically bid late on to close green
  • The divergence between Nasdaq and Dow began to close
  • After 6 straight down days, bonds rallied and the curve flattened
  • EM Stocks and Bonds rallied after bloodbathing
  • Copper traded lower

Some was more of the same..

  • Dollar Index surged to new cycle highs - biggest surge in 18 months
  • USDJPY exploded over 109.00 to 5 month highs
  • Offshore Yuan crashed to another record low
  • Stocks continue to rise
  • Despite the crazy vol, VIX dropped to 3-week lows with a 13 handle

Stocks started the day off badly, but bounced back valiantly as JPY and Oil soared...

 

The Dow is up 7 days in a row - the 6% gain is the best run since Dec 2011... (post-Comey clears Clinton)

 

But it is Small Caps that are flying...

 

Banks scrambled to close green - 7 days up in a row...

 

VIX slapped to a 13 handle...

 

Bonds actually rallied...

 

Currencies were very active...

Peso reversed its losses and gained over 2%...

 

The Dollar Index rose for the 7th day in a row (the biggest surge since May 2015)

 

USDJPY has risen 7 of the last 8 days, soaring over 8 handle post-Trump, to 5-month highs...

 

USDCNH bloodbathed

 

Despite USD strength today, gold and silver flatlined as copper and crude bounced...

 

 

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