Markets Will Crash within Days, Pull Out!

But, but, but… The ‘very successful’ IPO of Snowflake now has everyone who bought after its release yesterday now underwater… The Nasdaq is leading the plunge post-Powell… And bond yields are tumbling And don’t forget, tomorrow is quad-witch options expiry so hold on to your hats for a gamma-geddon in stocks and vol. Source: zerohedge

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Stocks Are Crashing, VIX Spikes As Option-Players Panic-Buy Protection

Trouble: VIX is back above 30… …and its put-buying not call-buying this time… The S&P is down over 3% and Nasdaq down 5%… As yields plunge back to 60bps (10Y)… Stocks catching down to bonds… Gold is also dropping… As the smell of liquidation is back. StevieRay HansenEditor, BankstersCrime Source: zerohedge.com God often uses men…

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Day-Traders Send US Producer Prices Soaring In July

US Producer prices were expected to rise MoM following four declines in the last five months and they did, rising 0.6% MoM (double the expected 0.3% MoM rise). However, this was not enough to unwind the annual deflationary print (PPI -0.4% YoY) Source: Bloomberg This is the biggest MoM jump in headline PPI since Oct 2018.…

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S&P Futures Hit All Time Highs On Stimulus, Vaccine Hopes; Gold, Silver Tumble

S&P 500 futures hit a record high as investors shrugged off continuing U.S.-China tensions and instead focused on news of an approved, if largely unclear, Russian vaccine, and more stimulus optimism as President Donald Trump said he’s considering a tax cut on capital gains. According to Reuters calculations at the current levels, the benchmark index…

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It’s Happening Again… Investors Dump Everything ‘China’

Global stock markets plunged Friday as tensions between the US and China spiral out of control.  Stocks in Hong Kong and mainland China tumbled after Beijing ordered Washington to cease all operations at its consulate in the city of Chengdu. This came days after Washington ordered the Chinese consulate in Houston, Texas, to close.  Investors are becoming fearful the tit-for-tat spat between the US and China will…

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