FAST FIVE: Bonds & Bullion Bid As Meme-Stocks Are Monkey-Hammer'd
Source: Bloomberg The flip-flopping continues with Small Caps down today and Big-Tech up.
Despite CPI exploding higher, Treasury yields were notably lower on the day, accelerating that dive in the last hours with 10Y leading the drop (on the week -11bps, and the day -4bps).
Source: Bloomberg Cryptos were mixed with bitcoin up modestly and ethereum down modestly.
Source: Bloomberg Gold surged higher after the hotter than expected CPI print (echoing the payrolls miss move).
Source: Bloomberg WTI managed miraculously to end green today after plunging on Iran sanctions headlines.