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Another "Deal Is Close" Headline Sends Stocks, Bonds, Dollar, Yuan, & Gold All Higher
A high-level conversation... spun as progress... additional headlines from various administration officials all claiming a deal is close... and hey presto - more gains for stocks and more new record highs... Is it really that simple? YES!!! chart Yuan was bid... chart Bonds were bid... chart Stocks were bid... chart "Most Shorted" Stocks were bid... chart Gold was bid... chart The Dollar was bid... chart VIX was crushed at 8amET but spent the entire day below 12... chart Smart Money Flow remains unmoved by equity exuberance... chart As broad markets were panic-bid from around 1530ET, AAPL was ... (full story)
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