As long as you only look at small caps and big tech…
Since Trump escalated the trade wars last week, futures show the divergence between the Nasdaq and Dow best…
And while Nasdaq and Small Caps surged – on yet another short-squeeze – The Dow struggled to stay green all day…
The Dow is down 7 days in a row – the longest losing streak since March 2017…
Another day, another short-squeeze… (13 of the last 15 days have seen “most shorted” stocks rise)…
This is the biggest short-squeeze in the history of the data…as “most-shorted” stocks have led the recent buying panic…
US Tech stocks continue to diverge from… well… everything…
FANG soared…
Notably outperforming Financials once again…
Treasury yields rose modestly (1-3bps) once again today – back to practically unchanged on the week…
10Y TSY Yield rose today to unchanged on the week…
The Dollar Index traded sideways once again, still taking a breather from the impact of Draghi last week…
Cryptocurrencies managed to bounce back (on Tether headlines) today after Bithumb hack headlines overnight…
WTI managed gains after a big surprise crude inventory draw but PMs and copper lagged…
Gold buys the most platinum ever…
Finally, Exceptional USA leads the world…
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