Services economy cliff-dives and we squeeze higher again… sure why not…
[embedded content]Another day another huge short squeze – the last 3 days are the biggest rise in “Most Shorted” stocks since Black Monday week’s bounce…
And The McClellan Oscillator is screaming overbought…
Trannies and Small Caps ripped on the day…Nasdaq closed red
As Small Caps lead the week…
This is the 15th day in a row where The S&P has closed at either its high or low of the day.
Energy stocks are now green for the year…
But oil still well down..
Because nothing says sell Vol like “the most important jobs number” ever…everything is awesome…
Pushing the VIX term strcuture to its steepest since 2015…
Bonds ain’t buying it…
Nor is FX Carry…
Treasury yields tumbled today as repo marksts shake out with the long-end outperforming…
The USD Index tumbled today – following the weak US data – led by EUR and JPY strength…
The USD weakness sparked strength in almost every comodity today but PMs were best (crude made lots of noise but ended unch)…
Gold soared to a 13-month high close…
Finally NatGas was clubbed like a baby seal again… 1999 lows for Nat Gas (with all eyes on oil, we suspect the massive writedowns coming will shock many)
Charts: Bloomberg
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