Traders Buy Stocks, Bonds, Bitcoin, Bullion, And Black Gold After Tanker Attacks

What do you do when two tankers explode in the Straits of Hormuz? You buy stocks, sell the VIX, and dump the dollar silly!!

Early weakness was erased ahead of the lunch break in China but the buying spree ended in the afternoon session...

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European markets bounced early but drifted lower for the rest of the day...

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US Equity futures shot higher on news that two tankers had exploded in the Straits of Hormuz...

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While The Dow and S&P barely clung to the gains (until the late-day panic-buying spree), Small Caps and Trannies outperformed...

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Thanks to yet another short-squeeze at the open...

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Nasdaq unable to get back above its 50DMA...

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The Dow found support above its 50DMA once again...

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Treasuries were unsurprisingly bid on the tanker attacks (long-end underperformed again, however)...10Y and 30Y are the only parts of the curve that remain higher in yield on the week...

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10Y Yields back at pre-payrolls lows...

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The modest curve steepening continues but 3,10Y remains inverted for the 16th day in a row...

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While the dollar was relatively quiet, it ended lower as any suggestion of it being a safe-haven amid the tanker attacks was dismissed...

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DXY hovering at some key technical levels...

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Offshore yuan (and the fix)remain in a stubbornly well-managed range...

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Bitcoin was also bid on the tanker attack...

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Commodities were up across the board led by oil as would be expected...

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But we do note that WTI only managed a modest $1-2 rise on the back of the tanker attacks...

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Gary Anderson 1 year ago Contributor's comment

When Romney was running for president and deemed likely to win, Patrick Clawson called for a false flag on Iran. Those events are hard to prove. Hopefully the attacks were isolated incidences, and most hopefully not engineered by the US government.