Dow Roundtrips 500 Points As Gold Surges To Best Run In Over 4 Years

Another day, another rollercoaster of crazy volatility...

The Dow rallied a few hundred points post China GDP into the US open, then collapsed 260 points... only to pump 200 points back up after Europe closed.

Cash markets all moved together but small caps were the tell into the close...

Builders and Financials lagged... Tech and Industrials led... Notice energy bounced once again even as Crude hit new lows

Biotechs at record-erer highs...

Futures ramped after the China GDP data, dumped at the US open, ramped again after Europe closed... then started to fade

USDJPY was in charge as once Europe closed, stocks ripped back up to catch it...

Treasuries were very mixed today with the long end closing near record lows (30Y -7bps at 2.38% on moar QE duration scarcity) and the short-end saw yields rise (2Y +1.5bps at 49.5bps)...

banging 2s30s to fresh 6 year flats...

The USDollar rallied (as Swissy weakened a little more)

Oilmageddon continues... with WTI back down to a $46 handle, down almost 5% from Friday's close (but gold and silver are surging)... note the moves in commodities started after China GDP...

With gold's best 7-day run since Aug 2011 (shifting to 5-month highs...

Quite a run for gold...

Charts: Bloomberg

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