Thread by @tdarling1

Hello Tuesday!

Big move 🚀 overnight in Hong Kong 🇭🇰 and the ♉️ continues to sniff around China 🇨🇳 with G20 making headlines in Indonesia as oil 🛢️continues to soften

Let's dig into the market 🧮!

Asia mostly ↗️

$NIKK 27990 +0.1%
$SSEC 3134 +1.65%
$TWII 14546 +2.6%
$HSI 18343 +4.1% 🚀
$KOSPI 2480 +0.25%
$IDX 7035 +0.25%

Australia ↔️
$ASX 7142 -0.05%

India ↔️
$BSE 61683 +0.1%

Europe ↔️ and overextended

$DAX 14282 -0.2%
$FTSE 7387 +0.05%
$CAC 6628 +0.3%
$AEX 710 +0.5%
$IBEX 8134 -0.4%
$MIB 24527 -0.3%
$SMI 11017 +0.15%
$MOEX 2222 -1.0%

$VSTOXX 20.92

$DAX range = 13333 - 14552 ♉️

🇺🇸 futures ↗️ into #VIXperation

$ES 3983 +0.65%
$NQ 11817 +1.0%
$RTY 1871 +0.1%

$VIX 23.61

$SPX range = 3639 - 4042 🐻
$IWM range = 179 - 190 🐻
$VIX range = 21.79 - 26.64 ♉️

GOLD ↔️ with metals mostly ↗️

$GOLD 1777 unch
$SILVER 22.023 -0.4%
$COPPER 3.83 -0.1%
$PLAT 1040 +0.7%
$PALL 2066 +1.3%
$ALI 2457 +0.75%
$ZINC 3153 +1.15%

$GVZ 17.41

$GOLD range = 1677 - 1807 ↔️
$SILVER range = 19.96 - 22.91 ♉️
$COPPER range = 3.54 - 3.96 ♉️

Hydrocarbons ↔️

$WTIC 84.28 -1.85%
$BRENT 91.79 -1.45%
$GASO 2.502 -1.05%
$NATGAS 6.012 +1.35%

$OVX 44.42 🔺

$WTIC range = 82.1 - 92.35 🐻
$NATGAS range = 5.11 - 6.74 🐻

Grains ↘️

$WHEAT 807 -1.3%
$CORN 654 -0.4%
$SOYB 1437 -0.3%
$SUGAR 19.80 -0.15%

$COFFEE ☕️ 165.83 -0.7%

$DBA range = 19.70 - 20.23 ↔️

$USD attempted rally fizzled 🐻

$EUR 1.04 +0.75%
$GBP 1.183 +0.65%
$AUD 0.786 +0.97%
$USD 106.12 -0.39%
$USDJPY 139.38 -0.36%
$USDCHF 0.94 -0.27%
$USDCAD 1.327 -0.28%
$USDCNY 7.043 -0.44%

#FX vol 11.52

$USD range = 105.03 - 110.57 ↔️ to 🐻
$GBP range = 1.109 - 1.195 ↔️

#Cryptocurrencies ↔️

$BTC 16802 +1.15%
$ETH 1261 +1.45%

#Bitcoin range = 15316 - 19143 🐻

UST yields ↘️ across the curve
10/2s to -54 bps 🪫
10Y3M to -43.8 bps ⬅️

MOVE 119.99 🔺

$TNX range = 3.74 - 4.32 ♉️
$TLT range = 92.26 - 99.14 🐻

Global 10Ys
UST 3.818
GILT 3.35
BUND 2.101
ITA 4.098
JPN 0.241
AUS 3.706
CAN 3.159

Crosscurrents with 10Y3M 🔻 to cycle low 🪫 and the $USD breaking 🐻 as global equities with an 🔺 bias even as 🛢️🔻

Counter trend rallies are tough

Stepping back to assess whether this is a legit phase transition or #BMR

Recession ahead ⚠️🚩

Have a super profitable 💰 day!