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Rally with a haven assets, and then volatility for stocks. Right now they are having rotation back into the cyclicals. That has not been the story on the week. Tons of uncertainty on the week. Bondswe have the yen and climbing early on monday. A big tell on some of the volatility we saw for stocks. Guy is there anyway david is there any way of knowing how much of this is on the fundamentals of actual news about coronavirus or jobs and how much is positioning . How many people had short positions that took off yesterday . Abigail i they get has a lot to do with uncertainty. You had a huge move down, and then the wave of liquidity from the fed to offset that decline. The fundamentals, people have views on whether there will be a orhaped recovery, a w, an l possibly something worse. When you have a move up 40 more , you have markets incredibly tight. Any piece of bad news will set to the downside. Not as much conviction near the top. You have the idea the virus might not be as strong. Tha ....
The dollar index is a strengthening a little bit. The dxy is above 97 today. Decisionmaking the 10 year yield at 70 basis points. Crude oil not going anywhere today. 36. 37 a barrel. Have seen an interesting two days. Equities having their worst day since march and much like march, any day we saw declines of 5 or more, we followed that with a rebound today. A lot of this we have seen play out in the session so far. I want to note that the european closed a few hours ago, we saw stocks fall below yesterday indicate investors taking some a risk off the table as we head into the weekend. See if a similar phenomenon happens at the u. S. Close. He said he is watching very carefully to see the gains on friday and again into monday. Speaking of risk and the willingness to take it, something we have been talking about is the willingness of retail investors. Of thosento some cheaper areas of the market like travel. That has led them to outperform hedge funds. They are more heavily position towa ....