Stocks Surge Off Pre-Open Plunge Lows, Dow Goes Green On Bank Gains

Stocks Surge Off Pre-Open Plunge Lows, Dow Goes Green On Bank Gains

The Dow is up over 800 points from its pre-open lows and has pushed into the green for the day, shrugging off pandemic mutations as Fed Stress Test-enabled buybacks have sent Goldman and JPMorgan soaring, adding around 150 points to the index alone

The Dow is leading the major indices but they are all soaring back…(NOTE – Small Caps were down 4% in the pre-open and are almost unch)

We can only assume that $900 billion was the Goldilocks number after all…

The dollar has reversed a major part of its spike…

Bonds have also erased earlier gains with yields almost back to breakeven…

It appears Mnuchin’s magic this morning worked after all.?

Tyler Durden
Mon, 12/21/2020 – 12:53

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