Stocks & Bonds 'Pounded' After Biggest Risk-Parity Plunge In Over 6 Months

Well that was a week...

Post-Payrolls, Crude was the biggest loser as stocks, bonds, and gold ended unch...

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Stocks had their first down week in a month... 

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Futures show the real craziness in this week's market... 

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Crazy day in VIX complex and stocks... 

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Notice the standard BTFD ramp on a payrolls day lifted stocks to VWAP... 

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Stocks & Bonds tumbled this week as risk-parity funds suffered their biggest loss in over 6 months

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And bond-stock correlation remains near record highs... 

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Treasury yields rose all week with some mixed performance today post-payrolls... (bonds closed Monday remember) 

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UK 10Y Gilt yields spiked back above 1.00% for the first time since June 27th (immediate reaction post-Brexit) 

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FX markets turmoiled this week with the USD ending up over 1% (despite giving some back post-payrolls)... 

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Obviously the week belonged to Cable... On the week, the pound fell more than it did overall during Brexit week... 

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PMs pummelled this week as Crude rallied until today...Silver slammed right on time every day this week... 

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Disclosure: None.

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Chee Hin Teh 8 years ago Member's comment

thanks Tyler