Something’s Breaking…
Last Thursday we got a 'glimpse’…
Is today another?
No FedSpeak. No Macro. No major geopol issues.
But, stocks suddenly puked…
Led my MAG7 stocks…
Source: Bloomberg
Notably, 0-DTE traders were buying puts aggressively out of the gate…
Source: SpotGamma
As Crypto was slammed…
Source: Bloomberg
Oil prices tumbled…
Source: Bloomberg
All as Treasury yields actually fell…
Source: Bloomberg
… and rate-cut expectations rose…
Source: Bloomberg
Anxiety ahead of tomorrow’s CPI?
Tyler Durden
Tue, 04/09/2024 – 10:55