{"id":1428209,"date":"2023-09-18T20:00:00","date_gmt":"2023-09-19T00:00:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1428209"},"modified":"2023-09-18T20:00:00","modified_gmt":"2023-09-19T00:00:00","slug":"bitcoin-big-tech-pump-and-dump-gold-gains-as-yield-curve-crushed","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/bitcoin-big-tech-pump-and-dump-gold-gains-as-yield-curve-crushed\/1428209\/","title":{"rendered":"Bitcoin & Big-Tech Pump-And-Dump; Gold Gains As Yield-Curve Crushed"},"content":{"rendered":"

Bitcoin & Big-Tech Pump-And-Dump; Gold Gains As Yield-Curve Crushed<\/span><\/p>\n

\n

Quiet-ish post-quad-witch unclenching of gamma with the big decline in homebuilder confidence probably the most notable macro news – somewhat ruining the soft-landing religion.<\/p>\n

VIX continued higher after OpEx fom Friday’s open as gamma unclenched…<\/p>\n

<\/a><\/p>\n

The cash open was very messy in stocks today – Small Caps puked, mega-cap tech bid and then reversed. Small Caps extended losses but the rest of the majors lifted majestically into the European closed before giving it all back…<\/p>\n

<\/a><\/p>\n

Regional banks skidded to 2 month lows…<\/p>\n

<\/a><\/p>\n

0-DTE traders fought the S&P rally in the morning… and won…<\/p>\n

<\/a><\/p>\n

Source: SpotGamma<\/em><\/a><\/p>\n

‘Most Shorted’ stocks fell further today, unable to stage a squeezy comeback…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

NVDA’s decline left it unchanged for the last three months…<\/p>\n

<\/a><\/p>\n

Bonds were mixed with the long-end outperforming (30Y -3bps, 2Y +3bps). Japan was closed…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Yield curve flattened (2s30s inverted deeper) bigly back to recent lows…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Bitcoin pumped and dumped… again… jumping up around $1000, just shy of $27,500 before giving it all back…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

The dollar went nowhere for the second day in a row…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Spot Gold rallied further (back above $1930)…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Oil prices managed to hold gains (despite intraday dump). WTI found support at $90…<\/p>\n

<\/a><\/p>\n

Finally, we note that he last few days have seen a trend change in rate expectations. While this year remains on a more dovish trend (no more hikes), next year is shifting hawkishly (less and less cuts)…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

We suspect this “higher for longer” shift is exactly what The Fed wants to see ahead of this week’s meeting.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nMon, 09\/18\/2023 – 16:00<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/bitcoin-big-tech-pump-and-dump-gold-gains-yield-curve-crushed<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin & Big-Tech Pump-And-Dump; Gold Gains As Yield-Curve Crushed Quiet-ish post-quad-witch unclenching of gamma with the big decline in homebuilder confidence probably the most notable…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1428209","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1428209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1428209"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1428209\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1428209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1428209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1428209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}