Stocks, Dollar Extend “Not-The-End-Of-The-World” Gains; Bitcoin, Apple Drop

Just keep buying iPhones ‘Murica…

Videp length: 00:01:40

Nasdaq underperformed intraday thanks to APPL’s disappointing move but ripped back into the close – S&P, Dow, and Nasdaq at record highs, (even with Dow hit by MCD and AAPL)

AAPL and Nasdaq completely decoupled after the iPhone launch ended…

VIX held below 11 today…

Another double short-squeeze for stocks (and fade)…

Financials extended their gains, as Utes slipped…

The last 3 days have been the best for financials since the election – ripping from the 200DMA to the 50DMA…

AAPL Shares tumbled after iPhone X was unveiled with a failed facial recognition demo and late ship date…

FANG Stocks ended the day unchanged, fading after AAPL’s event began…

Treasury yields rose once again, making it back to the pre-H-Bomb test levels

10Y yields are back at Harvey/Missiles-over-Japan levels…after a weak auction today

Are bond yields playing catch up to stocks?

The Dollar Index extended its post-NOT-the-end-of-the-world gains…

USD/JPY continues to surge (Yen weaker)… (note Cable strengthened today on surging inflation)

WTI and RBOB both bounced on the day ahead of tonight’s API data…

Gold bounced as Bitcoin was battered after JPM’s Dimon’s comments…