Stocks, Crude, & Crypto Explode Higher As Asia Opens

Stocks, Crude, & Crypto Explode Higher As Asia Opens

Just as we warned, US equity markets (massive short squeeze) and oil (Saudi bombing) are exploding higher at the Sunday futures open.

Brent crude futures are above $70…

…and WTI is above $67…

And Small Caps are leading the surge in equity futures – now up a stunning 6% from the European close on Friday…

Bonds are being sold…

And the dollar is weaker against the JPY and EUR, helping to send Gold futures back above $1700…

Elsewhere, Ethereum is also bid (EIP-1599 approval) back up near $1700…

And Bitcoin is bid, presumably on the $1.9 trillion malarkey that is just about to hit the US markets/economy…

The question is – will any of this hold until the cash open tomorrow?

Tyler Durden
Sun, 03/07/2021 – 18:18

via ZeroHedge News https://ift.tt/38j0fAk Tyler Durden

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