{"id":1478948,"date":"2024-07-23T20:00:00","date_gmt":"2024-07-24T00:00:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1478948"},"modified":"2024-07-23T20:00:00","modified_gmt":"2024-07-24T00:00:00","slug":"small-caps-surge-on-short-squeeze-sloppy-surveys-eth-outperforms-btc-as-etfs-launch","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/small-caps-surge-on-short-squeeze-sloppy-surveys-eth-outperforms-btc-as-etfs-launch\/1478948\/","title":{"rendered":"Small Caps Surge On Short-Squeeze, Sloppy-Surveys; ETH Outperforms BTC As ETFs Launch"},"content":{"rendered":"

Small Caps Surge On Short-Squeeze, Sloppy-Surveys; ETH Outperforms BTC As ETFs Launch<\/span><\/p>\n

\n

An ugly day for macro with hard data (US home sales) and soft data (regional Fed surveys) all puking…<\/p>\n

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

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

…was just the bad news needed to spark good news in STIRs as rate-cut expectations rebounded…<\/p>\n

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

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

After yesterday’s big exciting “everything’s awesome” day, stocks, broadly-speaking did nothing today<\/strong> though as only Small Caps showed any willingness to move. Late-day selling pressure did not help, pulling everything but Small Caps into the red with Nasdaq the biggest loser…<\/p>\n

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

…but that looked like yet another big short-squeeze….<\/p>\n

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

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

The NDX\/RTY unwind resumed today…<\/p>\n

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

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

MAG7 stocks went nowhere ahead of GOOGL\/TSLA earnings after the bell…<\/strong><\/p>\n

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

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

Treasuries were mixed today with the short-end outperforming…<\/p>\n

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

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

…which dragged the yield curve (2s30s) almost to being dis-inverted….<\/strong><\/p>\n

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

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

Ethereum outperformed Bitcoin on the day as ETH ETFs were launched…<\/strong><\/p>\n

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

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

This followed a huge net inflow day yesterday into BTC ETFs…<\/p>\n

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

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

Bitcoin was 3% lower back to $66k…<\/p>\n

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

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

…as ETH ETF $ Volume soared to $1BN…<\/strong><\/p>\n

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

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

…which kept ETH around $3500 by the close…<\/p>\n

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

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

Gold managed modest gains on the day, finding support at $2400…<\/p>\n

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

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

Crude prices extended losses as CTAs pressed through technical levels but WTI found support at $76.69 intraday (its 200DMA) and bounced modestly…<\/p>\n

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

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

Finally, prediction markets have Trump still dominating Harris for the win in November…<\/p>\n

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

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

…for now she remains below Biden’s pre-debate levels.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nTue, 07\/23\/2024 – 16:00<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/small-caps-soar-short-squeeze-sloppy-surveys-crypto-crude-crack<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Small Caps Surge On Short-Squeeze, Sloppy-Surveys; ETH Outperforms BTC As ETFs Launch An ugly day for macro with hard data (US home sales) and soft…<\/p>\n","protected":false},"author":0,"featured_media":1478949,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1478948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6cK0","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/07\/bfm2EFE_2-XytKFd.jpeg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1478948","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=1478948"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1478948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1478949"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1478948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1478948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1478948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}