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Silver Soars As Turbocharged-Tech Sends “Greed’ To Record High

Silver Soars As Turbocharged-Tech Sends “Greed’ To Record High
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Silver Soars As Turbocharged-Tech Sends “Greed’ To Record High

Tyler Durden

Mon, 07/20/2020 – 16:01

SSDD!! More vacuous vaccine headlines and a spurious tech stocks upgrade sent a message to the bears (for today)…

After a brief pause at the end of last week, buying big tech stocks is back on the agenda, with Nasdaq massively outperforming today…(NOTE how linear today’s rally was)

Source: Bloomberg

And as Nasdaq surged, Small caps underperformed, reversing much of last week’s “reversal”

Source: Bloomberg

This has sent Bloomberg’s Fear-Greed indicator to its highest ever – above March 2000’s previous peak – and as @C_Barraud notes that these highs contrasted with a plunge in March that produced record weekly lows, surpassing those in December 2018 and May 2000.

Source: Bloomberg

The surge in tech was sparked by a Goldman and Jefferies upgrade for AMZN…

Source: Bloomberg

…erasing FANG stocks’ losses from Friday… (despite Goldman warning that all the big tech valuations are massively expensive)

Source: Bloomberg

And TSLA back to its old tricks…

Source: Bloomberg

Treasury yields ended the day marginally lower but bonds were sold from

Source: Bloomberg

Treasury vol has tumbled near record lows…

Source: Bloomberg

The dollar dropped back to its recent range lows…

Source: Bloomberg

Crypto weakened into the cash equity close today but held gains barely from Friday…

Source: Bloomberg

Commodities were all generally higher on the day with silver dramatically outperforming…

Source: Bloomberg

Silver futures topped $20 for the first time since Sept 2016…

Source: Bloomberg

Finally, just saying…

Source: Bloomberg


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About The Author

Tyler Durden

Zero Hedge's mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information's unending quest for freedom. Visit https://www.zerohedge.com

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