FAST FIVE: Dollar Dump Sparks Bid For Bonds, Bullion, Bitcoin, & Big-Tech
Source: Bloomberg And that helped send the S&P to a new record high (Nasdaq outperformed on the day and Small Caps managed solid gains are plunging at the cash open).
Source: Bloomberg As the dollar dump returns, Gold rallied back above $1750 to its highest since late February today.
Source: Bloomberg 10Y Yield dropped back below 1.65% (so much for the spike in yields from payrolls).
Source: Bloomberg Oh, and don't pay any attention to this (for the first time ever, the S&P 500 is trading 3x Price-to-Sales).
Source: Bloomberg Tyler Durden Thu, 04/08/2021 – 16:00.