Previous post Next post

Chart up-date: Stocks, Bonds, Copper, Gold

Well that escalated quickly…All-time highs within reach… everything is awesome…wait what…

 

Quite a week:

  • Gold +5.25% in last 2 weeks – best run in 4 months
  • Silver +5.65% this week – best week since May 2015
  • Copper -4% this week to lowest weekly close since January
  • Sterling -2.5% in last 2 weeks – worst drop in 3 months
  • US Dollar Index +0.6% – up 7 of last 9 weeks
  • 30Y Yields -21bps in last 8 days – best rally in 4 months
  • 2Y Yields -17bps in last 7 days – biggest plunge since Jan 2015
  • Nasdaq -1.51% today – worst day since Feb 8th
  • VIX +3vols in last 2 days – biggest spike since Feb 9th – highest close in 3 months…

Post-Payrolls Panic-Buying Evaporates As

Bonds were the big news this week – as equities tried to ignore the message from the massive institutionalized buying of fixed income to record low yields…The yield on the Bloomberg Global Developed Sovereign Bond Index dropped to a record 0.601 percent Thursday.

Post-Payrolls Panic-Buying Evaporates As

In April 2015, with 10Y German bond yields at 5bps, Bill Gross and Jeff Gundlach called Bunds the “short of a lifetime.” Just over a year later – having spiked to over 100bps – 10Y bund yields have crashed since The Fed hiked rates in December and The ECB escalated its bond-buying. Today marked a dramatic moment as Germany almost joined Switzerland (-50bps) and Japan (-17bps) with a 10Y bond yield below zero… as Bunds traded to 0.9bps.

Post-Payrolls Panic-Buying Evaporates As

And Treasury yields tumbled…and the curve flattened

Post-Payrolls Panic-Buying Evaporates As

It appears renewed turmoil in Chinese currency markets started rippling through markets…as Yuan hits 4month lows…

Post-Payrolls Panic-Buying Evaporates As

But Gold and bonds are leading the way post-payrolls, with S&P and WTI lagging…

Post-Payrolls Panic-Buying Evaporates As

On the week, Nasdaq was the biggest loser…

Post-Payrolls Panic-Buying Evaporates As

They did try to ramp it in the last 30 – managing to get close to VWAP (but missing out on 2,100 and unch on the week)…

Post-Payrolls Panic-Buying Evaporates As

And stocks finally caught on to the weak growth, event risk concerns priced into bonds…gold.. and FX carry… Who could have seen this coming?

Post-Payrolls Panic-Buying Evaporates As

Financials appear to be waking up to the reality of a collapsing yield curve…

Post-Payrolls Panic-Buying Evaporates As

Today’s weakness started when Europe opened, as it seems “sell the news.. AND EVERY BANK” was the meme, but really accelerated when the Brexit poll hit this afternoon…

Post-Payrolls Panic-Buying Evaporates As

We’ve been warning about VIX decoupling and it snapped above 17 today…as S&P lost 2100…

Post-Payrolls Panic-Buying Evaporates As

VIX decoupled…

Post-Payrolls Panic-Buying Evaporates As

Make Vix Great Again

FX markets went turbo today following the Brexit poll with USDJPY snapping lower (Yen strength) and Cable plunging (sterling weakness)…

Post-Payrolls Panic-Buying Evaporates As

Copper crumbled on the week (inventory spike) and crude slid back to almost unchanged as production rose again. Gold and Silver surged…

Post-Payrolls Panic-Buying Evaporates As

WTI Crude ended the week below the payrolls level with a $48 handle..

Post-Payrolls Panic-Buying Evaporates As

and gold broke above $1280…

Post-Payrolls Panic-Buying Evaporates As

Charts: Bloomberg

Bonus Chart: What Could Go Wrong?

Post-Payrolls Panic-Buying Evaporates As

Full story here Are you the author?
Tyler Durden
ZeroHedges' Tyler Durden is the hero of Fight Club, the 1999 movie based on Chuck Palahniuk's novel that reflected Chuck's experience in the Cacophony Society Quote: "Goddamn it, an entire generation pumping gas, waiting tables, slaves with white collars. Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don’t need. We’re the middle children of history, man. No purpose or place. We have no Great War. No Great Depression. Our Great War’s a spiritual war… our Great Depression is our lives. We’ve all been raised on television to believe that one day we’d all be millionaires, and movie gods, and rock stars. But we won’t. And we’re slowly learning that fact. And we’re very, very pissed off." --> see more about Tyler on snbchf
Previous post See more for 4) FX Trends Next post
Tags: ,,,,,,,,,,,,,,,

🤞 Don’t miss posts anymore!
Subscribe to our newsletter!

Permanent link to this article: https://snbchf.com/2016/06/charts-stocks-bonds-copper-gold/

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.