Home Dollar Dollar Dump Sparks Bid For Bonds, Bullion, Bitcoin, & Big-Tech

Dollar Dump Sparks Bid For Bonds, Bullion, Bitcoin, & Big-Tech

18
0
dollar-dump-sparks-bid-for-bonds,-bullion,-bitcoin,-&-big-tech

The Dollar resumed its freefall today, back to pre-FOMC plunge levels today…

http://feedproxy.google.com/

Source: Bloomberg

…and it’s gone…

The short-term rates market continued its dovish reversal, now expecting over 10bps less tightening by the end of 2022…

http://feedproxy.google.com/

Source: Bloomberg

And that helped send the S&P to a new record high (Nasdaq outperformed on the day and Small Caps managed solid gains are plunging at the cash open)…

http://feedproxy.google.com/

Small Caps are glued to their 50DMA…

http://feedproxy.google.com/

Growth has ripped back, erasing all of its relative weakness to value since the end of Feb…

http://feedproxy.google.com/

Source: Bloomberg

“Most Shorted” Stocks were generally flat today as hedge funds’ favorite stocks ripped…

http://feedproxy.google.com/

Source: Bloomberg

As the dollar dump returns, Gold rallied back above $1750 to its highest since late February today…

http://feedproxy.google.com/

Bitcoin ripped back above $58,000 today…

http://feedproxy.google.com/

Source: Bloomberg

And Ethereum spiked back above $2050…

http://feedproxy.google.com/

Source: Bloomberg

Bonds were bid, pushing 30Y yields lower since the Thursday equity close (remember bonds were open around the payrolls print)…

http://feedproxy.google.com/

Source: Bloomberg

10Y Yield dropped back below 1.65% (so much for the spike in yields from payrolls)…

http://feedproxy.google.com/

Source: Bloomberg

WTI was unable to get back above $60 today, despite the dollar weakness…

http://feedproxy.google.com/

Silver jumped back above $25 this week and is extending gains…

http://feedproxy.google.com/

Finally, it’s probably nothing but a United Nations gauge of global food prices climbed for a 10th month in March, driven higher by costlier vegetable oils, meat and dairy. This the highest level since June 2014

http://feedproxy.google.com/

Source: Bloomberg

Oh, and don’t pay any attention to this (for the first time ever, the S&P 500 is trading 3x Price-to-Sales)… it’s probably nothing too…

http://feedproxy.google.com/

Source: Bloomberg

Oh, and for the first time ever, the US equity market cap is twice that of US GDP

http://feedproxy.google.com/

Source: Bloomberg