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Bitcoin & Big-Tech Pump-And-Dump; Gold Gains As Yield-Curve Crushed
Quiet-ish post-quad-witch unclenching of gamma with the big decline in homebuilder confidence probably the most notable macro news - somewhat ruining the soft-landing religion. VIX continued higher after OpEx fom Friday's open as gamma unclenched... chart The cash open was very messy in stocks today - Small Caps puked, mega-cap tech bid and then reversed. Small Caps extended losses but the rest of the majors lifted majestically into the European closed before giving it all back... chart Regional banks skidded to 2 month lows... chart 0-DTE traders fought the S&P rally in the morning... and won... chart ... (full story)