{"id":1454237,"date":"2024-01-30T21:00:00","date_gmt":"2024-01-31T02:00:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1454237"},"modified":"2024-01-30T21:00:00","modified_gmt":"2024-01-31T02:00:00","slug":"yields-jolted-higher-stocks-lower-ahead-of-fed-treasury","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/yields-jolted-higher-stocks-lower-ahead-of-fed-treasury\/1454237\/","title":{"rendered":"Yields JOLTed Higher, Stocks Lower Ahead Of Fed\/Treasury"},"content":{"rendered":"

Yields JOLTed Higher, Stocks Lower Ahead Of Fed\/Treasury<\/span><\/p>\n

\n

Higher-than-expected job openings from the JOLTS survey<\/a> lifted bond yields (optimistically) today but the real story was in the quits – which dropped to pre-pandemic levels<\/a> (suggesting “workers’ willingness of ability to leave jobs” is considerably lower (i.e. labor market not strong). You can decide which is more ‘real’.<\/strong><\/p>\n

Home price appreciation slowed, according to Case-Shiller; but consumer confidence ripped with ‘current conditions’ hitting the highest since pre-COVID-lockdowns.<\/p>\n

The short-end underperformed <\/strong>with notable bear flattening in the curve. The long-end actually rallied<\/strong> on the day (30Y -4bps)…<\/p>\n

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

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

In the meantime, ‘soft’ survey data continues to trend lower as ‘hard’ economic data is reignited…<\/p>\n

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

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

… by the massive loosening of financial conditions…<\/p>\n

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

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

But most notably, this is where the week gets really exciting with tonight’s GOOG\/MSFT earnings, tomorrow’s Treasury AQR details, then FOCM and so on.<\/p>\n

The Dow managed gains<\/strong> on the day with the S&P 500 unchanged<\/strong> while Nasdaq and Small Caps in the red<\/strong>…<\/p>\n

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

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

…as MAG7 stocks faded (on AAPL shipment anxiety<\/a>), erasing all of yesterday’s gains…<\/p>\n

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

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

The vol market is pricing some ‘uncertainty’ in the next few days then a return to the usual…<\/p>\n

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

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

Yesterday’s manic meltup squeeze was erased<\/strong> in ‘most shorted’ stocks after it tagged last week’s high stops…<\/p>\n

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

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

Bitcoin extended yesterday’s gains, holding around $43,500, but Ethereum surged back above $2350…<\/strong><\/p>\n

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

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

…after the smallest GBTC outflow since ‘day one’ of the ETFs (and highest net inflow in two weeks)…<\/p>\n

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

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

The dollar ended marginally lower on the day but was mostly directionless…<\/p>\n

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

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

Gold (spot) surged up towards $2050 as the cash equity market opened this morning, only to fall back down to a modest gain after JOLTS…<\/p>\n

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

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

Oil prices ended higher with WTI bouncing off $76.00 up to $78…<\/p>\n

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

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

Finally, it’s the same this time…<\/strong><\/p>\n

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

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

Just ask JPMorgan…<\/em><\/a><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nTue, 01\/30\/2024 – 16:00<\/span><\/p>\n

\u200bRead More<\/a>\u00a0<\/p>\n

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

Yields JOLTed Higher, Stocks Lower Ahead Of Fed\/Treasury Higher-than-expected job openings from the JOLTS survey lifted bond yields (optimistically) today but the real story was…<\/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-1454237","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\/1454237","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=1454237"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1454237\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1454237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1454237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1454237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}