Well that was a busy (no volume) day…But first some Easter Bunny fun…
Overnight JPY selling juiced stocks up but as soon as reality slapped them in the face – with housing data that everyone ignored for its idiocy and spending data that crushed hopes and dreams for Q1 GDP. However, the afternoon saw shootings at The Capitol, Times Square bomb alerts, and FBI investigating a major virus… stocks did not care.
We were not surprised…
Between 0.6% GDP and Capitol shooting, stocks should close at the highs
— zerohedge (@zerohedge) March 28, 2016
But for the 5th day in a row (and of increasing magnitude) Trannies were crushed at the open as it appears someone is dumping en masse…
Wonder what happens next?
Treasury yields dropped very modestly on the day (and the curve flattened)…Notice that as all the headlines this afternoon hit, investors decide to pile out of bonds – makes perfect sense…
The US Dollar index dropped today for the first time in 7 days…driven by a EUR-strengthening between 8amET abnd 10amET…
Commodities were mixed despite the USD weakness. Oil did its crazy volatile stop-run thing…
Gold was monkey-hammered at the China open (again) but oince again scrambled back higher…
Charts: Bloomberg
Запись Stocks Shrug Off Dismal Data, Shootings, Bomb Alerts, And Viruses To Close Unchanged впервые появилась crude-oil.top.