The worst 4 days in US Macro data in 5 months sent investors scrambling into the safety of bonds, precious metals, and FANG stocks??
Trump's "false economy" was on show today as a 5 standard deviation miss in ISM Services that smashes the US Macro data to over 2 month lows…
Crushing rate-hike odds…
Small Caps and Trannies disappointed but weak US economic data sent investors rushing into the safe haven of FANG stocks…all-time highs for Facebook and Amazon
Sending Nasdaq soaring…
VIX was jammed back towards an 11 handle, driving the cash S&P up to Friday's highs…
The USD Index tumbled on the day – led by Yen strength – after the dismal economic data…This was the biggest drop in the USD Index in 3 months
Treasuries were heavily bid today erasing post-payrolls losses (which appear driven more by rate-locks as today's massive issuance suggests)…
The weaker USD helped PMs today, copper flatlined but crude roundtripped on "freeze-dud" chatter and algos panic-buying…
Silver and gold are up 5 days in a row surging at the fastest pace in over 2 months…
Gold is leading the major asset classes post-payrolls…
Finally, in case anyone was confused at the market's movements, this seemed to sum it up perfectly…
Tuesday Humor pic.twitter.com/BJHJETdY2o
— Stalingrad & Poorski (@Stalingrad_Poor) September 6, 2016
What a joke! (see clip above)
Charts: Bloomberg
Bonus Chart: False Economy or False Market?
The post “False” Economy Wake-Up Call Sparks Safe-Haven Surge In Bonds, Silver… & FANG Stocks appeared first on crude-oil.top.