Somebody knows something... Looking at stocks today you could be forgiven for thinking that today was a typical 'meh' mid-week between Xmas and NYE day with all the US majors hovering around unchanged (until the last second idiocy from algos)... {chart} BUT, It was far from it in every other asset class as the dollar dumped while gold, bonds, swiss franc, and crypto all ripped higher as Magnificent 7 stocks were liquidated shortly after 10amET. {chart} Notably, 0-DTE call-covering was very heavy as the Magnificent 7 was sold around 10am (after 0-DTE call-buying dominated at the open)... {chart} The Swiss Franc soared ... (full story)