Last Minute Fizzle Fails To Dent Best 3-Day Stock Surge In 3 Years
For old time's sake...
What a week!!
- WTI's best day in over a year
- S&P 500 2nd best week in 2 years
- Dow's best 3-day run in 3 years
- USD at 8 year highs
The Dow rips over 800 points off its lows in 3 days, S&P over 100 near record highs.. before a weak close...
The late-day rebalance and opex seemed to spark some weakness
The best 3-day run in 3 years
As "most shorted" stocks suffered their biggest squeeze in over 3 years...
Off the lows - quite a meltup...
Overall the week was big for Small Caps -best week in 2 months; S&P's 2nd best week in 2 years...
Treasury yields rose modestly on the week...
...rolling over notably today (despite equity's exuberance)
Leaving 30Y almost unch of the week and decoupling significantly
The USDollar soared 1.6% this week...
To the highest since April 2006
Commodities were all lower on the week - mirroring the surge in the USD...
Oil had quite a run... ripping today but unable to get back to the $59 levels of resistance that have stalled it for the last week... Oil's best day in a year
Some context...
Charts: Bloomberg
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