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Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

Summary:
Bitcoin futures are here...   Small Caps and Trannies were today's biggest losers as Nasdaq led...   The S&P 500 has not been this overbought since 1995...   VIX briefly topped 10 after the NYC bomb explosion...but was clubbed into the close..   Utes ramped oddly in the afternoon but Energy stocks and Tech were ...

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Bitcoin futures are here...

 

Small Caps and Trannies were today's biggest losers as Nasdaq led...

Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

 

The S&P 500 has not been this overbought since 1995...

Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

 

VIX briefly topped 10 after the NYC bomb explosion...but was clubbed into the close..

Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

 

Utes ramped oddly in the afternoon but Energy stocks and Tech were best...

Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

 

High-Tax stocks underperformed Low-Tax stocks...

Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

 

 

But while some were paying attention to stocks, most eyes were glued to Bitcoin futures...

Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

 

And as Bitcoin futures outperformed spot, bitcoin spot continued to outperform gold dramatically...

Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

 

With Bitcoin soaring to a record high over $17,250 as gold dropped 0.5% today...

Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

 

But it's also worth noting that as Gold futures legged lower so Bitcoin futures was modestly bid

Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

 

Away from 'virtual' currencies, the dollar (another faith-based currency) managed to rally back to unchanged after some early weakness...

Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

 

Treasury yields were all higher on the day with the short-end underperforming...

Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

 

Which meant the yield curve flattening continues...

Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

 

 

 

Despite an unchanged day in the dollar, PMs were slammed and Crude and copper bid...

Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

 

Finally, we note that recent weeks have seen the obscene premium to NAV for Bitcoin Trust collapse as the underlying NAV has caught uo...

Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

From 140% premium to just 13% now...

Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate
Tyler Durden
Tyler Durden (a pseudonym) represents the idea that a return to truly efficient markets is a possibility and a necessity. After having experienced the inner workings of capitalism at various asset managers and advisors, Tyler believes that the current model is flawed and a deleveraging at every level of modern society is needed to reinspire the fundamental entrepreneurial spirit. Visit his blog: ZeroHedge (http://www.zerohedge.com/)

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