Trade Tumult Sparks Safe-Haven Bid For US Bonds & Mega-Cap Tech Stocks

Investors chose to ‘barbell’ their portfolios today (if you want to believe that such a thing as ‘investors’ exist) – seeking protection from trade wars by buying bonds and buying the biggest cap, highest valuation, tech behemoths – makes perfect sense really…

Chinese stocks were miraculously panic bid at the open (remember this was after US equities had tumbled)…

Once again – as futures show – the US equity market open sparked a ridiculous panic-buying spree in Nasdaq (mega-tech) stocks…

Cash markets show that Small Caps undeperformed and actually struggled to get green for a while before europe closed and more momentum came into US Stocks…

VIX was monkeyhammered lower as S&P 2800 was once again the target for the machines but failed (NOTE – the pre-market signaling that we have seen before in those VIX tails)

And The Dow extended its bounce off the 50/100DMA…(NOTE, it may be a small thing but this was a lower high in the dow)

And another giant short-squeeze…

Wells Fargo was lower but the rest of the big banks were up ahead of earnings tomorrow morning..

FANG Stocks surged to a new record high…

Does anyone else get the feeling these markets are being ‘helped’ to ensure the policies of the countries’ officials appear to be working (or not hurting)?

And so while investors sought the safe-haven of mega-cap tech stocks, they also bid the long-end of the bond curve…