What could go wrong?
Someone needs to tell Trump that World War III is not "bullish"...
Global RISK OFF
USDJPY:
Today's rally compliments of OPEC bullshit:
"It's been working so well until now, that we've decided to extend the cuts"
The key reversal in oil was reversed (and Gold, not shown)
U.S. Oil ETF:
Long-term rates definitively broke the support line, which means the max pain trade is on...
Bond shorts (red) with Ten Year yield:
A big day for short-covering
Equal cap / market cap S&P:
Big banks
Small banks
Big cap tech:
And the other big rally today was in implied volatility:
This is the S&P / VIX ratio:
