US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

Bond Bears are back…

 

The momo ignited by Tuesday’s National Team liftathon carried through into Wednesday and Chinese stocks stormed higher still…

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

European stocks were all higher.

Take your pick in US equity land – Stocks surged (Dow), Stocks did nothing (S&P), Stocks dumped (Nasdaq, Small Caps)…. then Nasdaq was panic bid into the close as TLRY collapsed…

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

 

Futures show the chaotic divergence best…

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

 

FANG Stocks started exuberantly (erasing Monday’s losses) but quickly faded to end the day unchangedish…

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

 

This is the fourth day in a row that a STOCK-PLUS-BOND portfolio has had a losing day…

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

 

But the big story is the surge in global bond yields which reached the highest in 5 years today…

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

 

US Treasury yields lifted again…

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

 

With 30Y Yields testing their four-year highs around 3.25%…

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

 

And 10Y Yields testing seven-year highs around 3.09%…

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

 

The yield curve steepening slowed today, stalling once again at a critical level…

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

 

The Dollar Index zig-zagged modestly lower on the day…

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

 

Offshore Yuan ended the day unchanged, dropping back below the CNY Fix…

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

 

EM FX rallied notably on the day led the Lira, Rand and Argentine Peso

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

 

Cryptos faded late in the day…

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

 

PMs gained on the dollar weakness but copper faded. Crude gained after the inventory draw…

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

 

Gold futures managed to hold above $1200 once again..

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

 

Finally, as if one didn’t need to be told, this dash-for-trash rally just continues to surge as hedge funds’ favorite holdings are getting crushed by the most-hated stocks out there…

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

But none of that matters.. because all you need to do is buy weed stocks!!

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

From $17 to $300 in 2 months… Just Doobie It.

And then everything went pear-shaped…from $300 to $150 in minutes and then back up to $220

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

Someone’s gonna need a smoke after that!

Just look at the relationships between TLRY, Bitcoin, and Nasdaq Futs…

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields

US Stocks Pop, Stop, & Drop As Global Bond Bloodbath Reaches 5-Year-High Yields Read on Z H

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Author: HEDGE

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