There was a 4% move in the highly stable (lol) 10y US bond yesterday & now the VIX is up 30% so far today on equities selling off.
The Nasdaq is leading the sell off in terms of % & keeps falling as you see below
Was a little surprised to see the bond yields continuing to climb over night & into today. The U.K. ten year was trying to steal some press this morning at +6% move on the day! Brexit issues much?
You can see above, the US yields still having a big move higher despite a hYuge move yesterday. Bond yields are obviously still abnormally volatile, global equities getting hit hard, metals have been flatlined, crypto’s still stuck in their manipulated channels.
Yesterday seemed like the start of a new trend for these markets due to the bond moves. There is usually some sizeable bouncebacks the day after a big sell off, but not today. Seems like evidence of change to me, but we know the banks can create currency & the central banks can create even more.
Will they print up a fresh trillion or two to cover derivative exposure losses & keep the fake goldilocks markets going, or are we witnessing the end of intervention & subsequent sell off to start a crash, freeing up real assets for those in the know to CAPITALIZE on.
I has popcorns ready
Did you say popcorn?