Small Caps Jump, Nasdaq Dumped As Bonds, Dollar Slump At Open

Small Caps Jump, Nasdaq Dumped As Bonds, Dollar Slump At Open

The cash market open has triggered panic-selling in bonds and the dollar (GBP impact) and a dramatic divergence in the US equity markets.

Small Caps are ripping out of the gate but Nasdaq is getting puked…

This pushed small caps to their best relative to big tech since March…

The dollar is tumbling (as cable strengthens)…

And bonds are being dumped…

Did we start year-end window-dressing or is liquidity so low that algos can push every market around with some call buying?

Tyler Durden
Wed, 12/23/2020 – 09:38

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