Stocks, Crypto, & Bond Yields Soar After “Darkest Moment In American History”

The hyperbole from every talking-head on what occurred in DC yesterday could not have been more, well, hyperbolic… from “Pearl Harbor” comparisons to the “darkest day in American history” to calls for Trump’s immediate execution/termination/impeachment/exile (take your pick).

Before introducing his Justice Department picks from Wilmington, Delaware, on Thursday, Biden offered comments on Wednesday’s [chaos at the Capitol] which he deemed “one of the darkest days in the history of our nation” and “an unprecedented assault on our democracy.”

“All of us here grieve the loss of life, grieve the desecration of the people’s house. But what we witnessed yesterday was not dissent. It was not disorder. It was not protests. It was chaos,” Biden said.

“They weren’t protesters. Don’t dare call them protesters. They were a riotous mob, insurrectionists, domestic terrorists.”

But, that didn’t stop stocks – which apparently love all the chaos…

As everything ripped higher again at the cash open and even the Nasdaq managed to push into the green for 2021… Small Caps continue to charge highest…

NOTE – after Monday’s opening plunge, each day has seen a buying panic at the cash open…

Record highs for stocks!

We even heard someone defending this farce by saying that stocks rallied during WWII, even before we won – oh great!

And if this rise was due to ISM data, that’s an utter farce because of the misattribution of COVID-lockdown-driven supply chain disruptions causing longer delays for Supplier Deliveries (that is not a positive factor!).

Elon Musk became the richest man in the world, because…