PremiumTl;dr: Disappointing labor market data (ADP), stagflationary PMIs (jobs down and prices up), and lower oil prices (deal still any second now) pulled TSY yields, rate-hike odds, and the dollar lower. That, along with China re-engagement lifted gold. Stocks were mixed with The Dow up and tech down (GOOGL didn't help) as the bounce/squeeze stalled after record call-buying yesterday. with Goldman noting that hedgies flipped back to selling semis today.Still, a lot of traders left scratching their heads as to what just happened...Oil
Gold Rips, Stocks Dip As Hedgies Flip-Back To Selling Semis; Here's What Just Happened...
Clean positioning, they call it. The last time positioning got this clean, it was because everyone had just been carried out...
83 words~1 min read







