The clock ticks. Markets fluctuate.

Published: Mon 19 April 2021
Updated: Tue 22 November 2022
By steve

In Markets.

The day (Bicycle day) in review mirror

Markets update

The reflation trade made a showing today:

  • bonds a tiny bit lower (US TY 10Y yield up a few bp),
  • most commodities up (except gold),
  • bitcoin (‘digital gold’) down 7% to $56K, but Dogecoin (designed to be worthless) hits new ATHs,
  • European equity indexes generally positive. Spain up 1%,
  • US equities treading water (NDX down 1%),
  • Some Ponzi sector stocks down a bit ($TSLA down 3.6%),
  • $ORA, (Ormat Technologies ) down 2.4 SD. Some short sellers suggest it is a fraud stock, $ROOT and $INTZ also down heavily: both possible fraud stocks,
  • $MO down 6% on news that Biden will reduce nicotine levels in cigarettes. Buying opportunity, as these are very international stocks?

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