Another Day, Another Panic-Bid Melt-Up In Stocks At The US Cash Open

Sigh...

Cash markets are open!! Buy 'em!!!

Citi offered this little gem of wisdom with regard the last week... "Bear markets open on the highs and close on the lows. This is particularly the case when derivative products need to rebalance in a relatively narrow window near the end of the day"

The Dollar is getting pummeled...erasing the post fed shenanigans...

 

And bond yields are sliding...