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Thursday, January 20, 2022

Tech Stocks Face Acid Test As Fed Hikes Loom

By Ven Ram, Bloomberg markets live commentator and reporterTechnology stocks have been feeling the heat. They may continue to come under pressure as the Fed prepares to raise rates to quell inflation, an analysis of Nasdaq stocks that parses them as lower-rated bonds shows.The Nasdaq 100 basket of stocks may decline more in the months…

Stocks, Bond, & Commodities Crumble As Dollar Rips Ahead Of Fed

More ominous Omicron headlines from Europe hit futures overnight and then a hotter than expected PPI legged futs down again. The cash open ignited the usual momo ramp but it failed fast and stocks slipped into the European close... gently drifting higher after that. Nasdaq was the laggard and The Dow the least bad horse…

Stocks Erase Payrolls Puke, Bonds Battered, & Crypto Bounces Back

The weekend was dominated by Fauci playing down his initial alarm panic fearmongering over Omicron and the liquidation flush in crypto.Re: Fauci...'Recovery' stocks accelerated higher today relative to 'Stay at Home' stocks, erasing the post-Omicron losses...Source: BloombergAnd STIRs shifted notably more hawkish with a June 2022 rate-hike now more than fully priced-in...Source: BloombergAnd Re: Crypto...…

Stocks Soar After Gartman Says “A Bear Market Is Required” And “Stocks Are Headed...

To those who listened to Goldman trader Scott Rubner who in a note last night said "We Have Seen The Lows For The Year", and bought the latest dip, congratulations. To those who are still not convinced, and believe that the slide has more to go, we present what may be the most irrefutable exhibit…

Stocks, Bond Yields Extend Plunge After ‘Omicron Hits US’ Headline

Update (1420ET): Reports that the Omicron variant has arrived in the US sent stocks and bond yields legging further down...The Dow and Nasdaq just joined Small Caps in the red for the day...And 30Y Yields are down 8bps from their intraday highs, back at yesterday's lows...That is the lowest yield since January.*  *  *It's unclear…

Stocks, Bonds, & The Dollar Bid As Fed Admits Stagflation Fears

The Fed came clean about its big fear today in the FOMC Minutes:"The staff continued to judge that the risks to the baseline projection for economic activity were skewed to the downside and that the risks around the inflation projection were skewed to the upside."Weaker growth, stronger inflation - the definition of stagflation...Source: BloombergA 25bps rate-hike is now…

Stocks Ramped To A Green Close As Oil Soars While Surging Yields Hammer Techs

With gamma unclenched after Friday's major OpEx, as some $2.4 trillion in gamma expired allowing the S&P to trade away from the massive 4,700 gamma gravity, Tuesday saw more of the same pain for Nasdaq as tech stocks were slammed...... while the S&P managed to ramp into the green thanks to a last 30 minute…

Stocks & Dollar Jump As Bonds, Bullion, & Bitcoin Dump

After a chaotic open (as retail sales sparked optimism and Fed's Bullard did the opposite), the trend was 'buy all the things' in stock-land until the European close. Then Small Caps and Big Tech diverged (lower and higher respectively)...Chatter about Biden's pick for The Fed was suggested by some as a catalyst for the ramp…

Stocks & Bonds Dump, Dollar Pumps As Breakevens Soar

The most notable aspect of today's trading was the ongoing hawkish tilt being priced-in by STIRs, now expecting at least one rate-hike by July 2022...Source: BloombergTSLA was down over 20% from its highs today (back below $1000) before the sudden mysterious buying ramp occurred (exactly like we saw last week when Musk was dumping shares)...After…

Stocks & Crypto Soar To Record Highs As Fed Taper Sparks Hawkish Surge In...

The dollar plunged and stocks soared after The Fed unveiled its taper and raised concerns about the transitory nature of inflation, prompting the market to send rate-hike odds notably higher (and sooner).The taper is on...But Curvature notes:"The tapering announcement was generally as expected, but at the same time, a little different. Yes, the FOMC announced…

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