Copper and Gold ratio
https://www.traderszone.net/bitcoin-big-caps-reach-record-highs-bonds-dollar-dumped
Bitcoin & Big-Caps Reach Record Highs, Bonds & Dollar Dumped
Tags: bitcoin bonds google media mobile oil option small stocks tech
Author:DATE POSTED:March 11, 2021
Feed:ZeroHedge
View:Original article
Bitcoin & Big-Caps Reach Record Highs, Bonds & Dollar Dumped
On the heels of Biden's big blowout, the dollar is tumbling...(biggest 3-day slump since the election/vaccines in early Nov)...
Source: Bloomberg
And bitcoin surged back up near $58,000, erasing the losses from its record highs in mid-Feb...
Source: Bloomberg
Did Washington just 'cut the rope' from reality?
Stonks were all bid today with Nasdaq leading the charge as the week's whipsaws continue...NOTE - Nasdaq was panic-bid at the China open, the EU open, and the US open and faded each time...
S&P and The Dow both hit new intraday record highs today.
It's been quite a week for Dow/Nasdaq rotations...
Source: Bloomberg
Small Caps are now up over 11% from Friday's spike lows...
With "Most Shorted" Stocks up over 18% off the Friday lows as the engineered squeeze was unleashed...
Source: Bloomberg
As Bloomberg noted, going all the way back to 1996, there have only been 5 prior days to Tuesday that saw the S&P 500 rally as much as it did and manage to post a net negative number of stocks advancing. Save one day in November last year all of them took place as the dotcom bubble was in the process of popping.
Source: Bloomberg
Amid all the chaos, realized vol for the Nasdaq has soared...
Source: Bloomberg
GME was relatively quiet today ahead of tomorrow's opex...
Even as $800 strike calls dominated activity...
Source: Bloomberg
TSLA surged back above $700...
With the help of Cathie Wood, we're sure...
Unprofitable tech stocks were bid once again...
Source: Bloomberg
Bonds were battered today - despite ECB headlines - amid massive issuance (30Y and Verizon) but the selloff stalled after the 30Y Auction...
Source: Bloomberg
But on the week, yields are still lower, for now (ahead of tomorrow's PPI)...
Source: Bloomberg
Real yields and gold continue to track each other (inversely)...
Source: Bloomberg
Ethereum rallied as Beeple's NFT auction neared its conclusion, back above $1800...
Source: Bloomberg
Gold managed to cling to gains...
Silver is holding its bounce gains off the pre-Reddit-Raiders spike...
And oil rebounded with WTI back above $66...
If Copper and Gold are right, 10Y yields are due for 3%... what are the chances The Fed allows that? And what will happen to tech stocks (and their contagion)? Be careful what you wish for
Source: Bloomberg
Finally, it's been a year since WHO (finally) admitted this shitshow was a pandemic - The Dow is up 38% since then! Bonds & the Dollar are down (in price) and gold is holding gains for now
Source: Bloomberg
And all it took was $17 trillion in global liquidity...
Source: Bloomberg
Tyler Durden Thu, 03/11/2021 - 16:00