Anonymous ID: f045a4 March 21, 2019, 1:44 p.m. No.5814805   🗄️.is đź”—kun

Plunge-Protectors Rescue Stocks & The Dollar; Bonds & Bullion Not Buying It

yet another low volume rally with the close being panic bought

 

After The Fed folded in the most aggressively dovish manner ever, the dollar and stocks rebounded heroically today - as if nothing had happened - while Treasury yields shrugged off the plunge protection team's plans and reflected Powell's clearly dismal economic expectations.

Overnight saw China stocks shrug off US weakness.

UK's FTSE managed gains but European markets generally lagged - despite gains after US opened.

US Equity markets were panic bid all day as buybacks, short-squeezes, and AAPL sent stocks soaring above pre-Powell levels…Trannies and Nasdaq are up 1.8% from pre-Powell.

Dow futures are up 440 points from the pre-open lows.

Big short-squeeze today.

And buybacks dominated.

But Semi stocks (SOX Index) soared to a new record high, seemingly knowing something that South Korean exports don't.

Growth stocks soared and while Value stocks were bid today, they remain lower from Tuesday's close.

Financials kept falling.

Credit markets did rally today but not very impressively.

Japan was closed overnight (hence the flatline) but we note barely any rebound in bond yields (despite the surge in stocks).

rest at links

https://www.zerohedge.com/news/2019-03-21/plunge-protectors-rescue-stocks-dollar-bonds-bullion-not-buying-it

https://finance.yahoo.com/quote/%5EIXIC?p=^IXIC

 

 

https://finance.yahoo.com/quote/%5EDJI?p=^DJI