Gold Soars, Stocks Shift: Biggest Reversal Since 1987
Submitted by MAGA
Posted 41 days ago
Gold prices surge to record high as stocks experience a significant shift not seen since 1987.
Gold prices have reached an all-time high, breaking records as stocks undergo a significant shift. This shift has not been seen since October 1987.
Small-cap stocks have exploded, rising by 3.5% on the day, while the Nasdaq remained unchanged. This trend has been ongoing since the release of the 'soft' Consumer Price Index (CPI) last week.
The Russell 2000 has seen a massive surge, climbing over 10% higher since the CPI release. On the other hand, the Nasdaq 100 has slumped.
This shift is being referred to as a 'massive short-squeeze' on all the 'short alpha' that has been laid as mega-cap tech took over the world. 'Most Shorted' stocks are up for 10 straight days, marking one of the biggest periodic squeezes in the last four years.
This four-day reversal is the greatest shift in the Small-Cap/Big-Tech pair since the collapse of the DotCom bubble. It is also the largest five-day outperformance of Small Caps over the S&P 500 since October 1987.
Treasury yields were down across the curve today, despite a brief spike following the stronger than expected Retail Sales print. The long-end outperformed, with the 2-year yield down 3 basis points and the 30-year yield down 8 basis points.
The dollar continues to drift, unable to bounce notably off the CPI slump lows. Oil prices have also been leaking lower, with WTI back to the $80 handle, hovering near one-month lows.
Cryptocurrencies have also seen ETF inflows dominating any government supply overhangs. Ether rallied, hitting $3500 on reports that ETH ETF approval is imminent.
In other news, the Sioux Falls School District has terminated an employee following a controversial Facebook post about the attempted assassination of former President Donald Trump. The post, made by someone going by the name Cassie Martin, read: "Shoot — if only he would’ve had his scope sighted correctly." The employee, identified as Cassandra Oleson, was a Special Behavior Facilitator at Ben Reifel Middle School. She later apologized and deleted her Facebook page. The school district said the post did not align with their values and was not condoned in any way.
Sources:
zerohedge.com
zerohedge.com
keloland.com
Gold prices have reached an all-time high, breaking records as stocks undergo a significant shift. This shift has not been seen since October 1987.
Small-cap stocks have exploded, rising by 3.5% on the day, while the Nasdaq remained unchanged. This trend has been ongoing since the release of the 'soft' Consumer Price Index (CPI) last week.
The Russell 2000 has seen a massive surge, climbing over 10% higher since the CPI release. On the other hand, the Nasdaq 100 has slumped.
This shift is being referred to as a 'massive short-squeeze' on all the 'short alpha' that has been laid as mega-cap tech took over the world. 'Most Shorted' stocks are up for 10 straight days, marking one of the biggest periodic squeezes in the last four years.
This four-day reversal is the greatest shift in the Small-Cap/Big-Tech pair since the collapse of the DotCom bubble. It is also the largest five-day outperformance of Small Caps over the S&P 500 since October 1987.
Treasury yields were down across the curve today, despite a brief spike following the stronger than expected Retail Sales print. The long-end outperformed, with the 2-year yield down 3 basis points and the 30-year yield down 8 basis points.
The dollar continues to drift, unable to bounce notably off the CPI slump lows. Oil prices have also been leaking lower, with WTI back to the $80 handle, hovering near one-month lows.
Cryptocurrencies have also seen ETF inflows dominating any government supply overhangs. Ether rallied, hitting $3500 on reports that ETH ETF approval is imminent.
In other news, the Sioux Falls School District has terminated an employee following a controversial Facebook post about the attempted assassination of former President Donald Trump. The post, made by someone going by the name Cassie Martin, read: "Shoot — if only he would’ve had his scope sighted correctly." The employee, identified as Cassandra Oleson, was a Special Behavior Facilitator at Ben Reifel Middle School. She later apologized and deleted her Facebook page. The school district said the post did not align with their values and was not condoned in any way.
Sources:
zerohedge.com
zerohedge.com
keloland.com
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