Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Freedom Bunker
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Stocks & Bonds Dump, Dollar Pumps As Breakevens Soar

% of readers think this story is Fact. Add your two cents.


Stocks & Bonds Dump, Dollar Pumps As Breakevens Soar

The most notable aspect of today’s trading was the ongoing hawkish tilt being priced-in by STIRs, now expecting at least one rate-hike by July 2022…

Source: Bloomberg

TSLA was down over 20% from its highs today (back below $1000) before the sudden mysterious buying ramp occurred (exactly like we saw last week when Musk was dumping shares)…

After a solid overnight session – despite weakening China data – US equities saw wave of selling at the cash open that accelerated into the European close. Small Caps were the biggest loser on the day. A late-day panic bid lifted the S&P green on the day, but left th erest of the majors marginally red still…

As Value Line’s Geometric Index shows, the median stock was lower on the day…

And it felt like, as Tesla, so the rest of the bubble markets went today…

Treasury yields were higher across the board today with the curve notably steeper (30Y +7bps, 2Y +1bps). The selling wave hit around 0830ET and continued until the EU close for the long-end…

Source: Bloomberg

The 30Y Yield broke back above 2.00% (but remains below the Fed Taper Day highs)…

Source: Bloomberg

US Breakevens surged higher again today, to fresh record highs…

Source: Bloomberg

Additionally, the US inflation expectations are accelerating faster than other Developed Economies…

Source: Bloomberg

Interestingly, IG credit saw a huge outflow last week from one of its largest ETFs…

Source: Bloomberg

Investors withdrew a net $1.49 billion from the IShares iBoxx $ Investment Grade Corporate Bond ETF (ticker LQD) in a single session, the biggest one-day decrease since April 1. The outflow reduced the fund’s assets by 3.9 percent to $36.8 billion, the lowest level in at least a year, according to data compiled by Bloomberg.

Crypto pumped’n'dumped today.

Bitcoin ramped up above $66,000 overnight before slumping back and finding support at $64,000…

Source: Bloomberg

Ethereum jumped up above $4750 before fading back below $4600…

Source: Bloomberg

Gold managed gains on the day, despite the dollar’s strength, rebounding from an earlier selling wave…

Thanks to supportive weakness in real yields…

Source: Bloomberg

Oil prices staged a decent comeback today after WTI fell back below $80 once again…

US NatGas prices tested down into the red briefly before taking off and getting back above $5.00…

Finally, if this morning’s move in the S&P 500 Index holds into the close, the equity index will rack up its 22nd day with a move of less than 1% in either direction, a streak not seen in more than 22 months. The tranquility of the S&P 500 is in contrast to small caps or the Nasdaq 100 Index, which have posted at least six days with bigger moves during that time.

The equity market looks calm as the S&P 500 Index enters the third week of the month — when most equity options expire. That event has repeatedly shaken up stocks this year. While history is not always a trustworthy guide, the S&P 500 has posted a 1% move (in either direction) in six of the past eight op-ex weeks, data compiled by Bloomberg show. But, for now, as SpotGamma notes, the options market (risk-reversals) are highly complacent:

This shows the price of a slightly out-of-the-money call against an equivalent put and its recent rise suggests traders have little concern with current markets. This metric is not just a barometer of traders risk view, but does suggest that the vanna tailwind (i.e. selling implied volatility to buy S&P500) has lost its force indicating perhaps less impulsive gains from here in the short-term.

Tyler Durden Mon, 11/15/2021 – 16:02

Read More…



Source: http://freedombunker.com/2021/11/15/stocks-bonds-dump-dollar-pumps-as-breakevens-soar/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.