Tech Stocks Jump But Banks, Bond Yields, & Black Gold Dump

Tech stocks bounced today (perhaps on AMT chatter) sparking a chorus of confirmation-bias-based commentary that the bull is back... but we suspect that parrot is still dead...

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Ugly night in Asian equities but it appears The National Team stepped in during the afternoon to save the world...

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"It ain't cheap..."

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Small Caps were today's biggest loser as Tech-heavy NASDAQ outperformed...

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For the second day in a row "Most Shorted" stocks were lower...

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For the second day in a row, high tax stocks underperformed low tax stocks...

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For the second day in a row, tech outperformed financials...

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FANG stocks saw BTFDers at the open...

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Goldman is now lower on the week post-Tax vote... after Citi cut its trading revenue outlook... and said that the tax reform would cost them $20 billion!!

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High yield bonds continue to slide...

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Treasury yields declined across the board today as the long-end outperformed once again... (all but 2Y yields are now lower on the week)...

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And so the yield curve just keeps tumbling...2s30s hits 88bps handle today and 5s30s 57bps handle (both down 1-2bps

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The Dollar Index rallied for the 3rd day in a row...

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Bitcoin surged from $12,000 to over $13,000 in the last 24 hours...

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Commodities are suffering across the board with crude (on target for worst week in 7 months) and copper (on target for worst week in 19 months) worst...

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WTI/RBOB really giving up their OPEC-hope gains...

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Finally, some might say "we're toppy"...

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