donderdag 1 juni 2017

Small Caps Spike Most Since The Election As Crude Pumps'n'Dumps

Buy, Sell, or...


Overnight saw China PMI slump back into contraction but ongoing squeeze efforts sent Yuan soaring...


S&P record highs as US Macro data slumps near 16-month lows...


As Bloomberg's Vincent Cignarella notes, U.S. equities rose, the S&P 500 index to an intraday record, the dollar strengthened and Treasuries fell as a spike in private hiring data bolstered optimism in the economy before Friday’s non-farms payroll report. Crude failed to hold gains from a larger inventory draw than expected. The shift in asset prices came after ADP reported more workers were added to U.S. payrolls in May than forecast. All eyes now on the jobs report Friday, with market assigning all but certain odds that the Fed will hike rates in two weeks...


After a big tumble at the open yesterday (into month-end), Small Caps were panic-bid today, the best day for Small Caps since the election)...


Dow hit a new record high for first time since March 1st...


As shorts were squeezed notably over the last two days...


VIX was pressed lower once again (and fell below the Maginot Line of 10)...


Banks battled back from yesterday's bloodbath with only MS covering the losses...


Treasury yields rose marginally on the day but remain markedly lower on the week...


The Dollar Index rose most in 2 weeks (spike after ADP but faded)...


But remains unch on the week, with AUD and CAD weakness offsetting Yuan strength...


Gold and SIlver lost ground today but rallied back after early morning dumps...


WTI/RBOB saw a big pump'n'dump today, rallying after the inventory data, but reversing aggressively lower as the USD index turned up...