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What next for bond and stock market crashes?

Asian stocks have fallen sharply across the region, in a correlated response to the big reversal on Wall Street overnight as the bond market flipped out.

The real action on overnight markets is not Gamestop shares or Bitcoin, but the international bond market, which spiked yet again as a weak Treasury auction overshadowed solid US economic news.

What a business cycle this is.

Asian stocks have rebounded firmly across the region, in a correlated response to the bounce (aka BTFD) on Wall Street overnight as central bankers soothed nerves.

Wall Street’s nerves were calmed, soothed and appeased by the Fed last night as Chair Powell patted and stroked the risk complex as it purred along nicely again.

Asian stocks have fallen sharply across the region, responding to the poor lead from Wall Street and then the wafer thin assurances from the Fed overnight, as S&P futures tumble amid some really fragile risk sentiment.

Via Credit Suisse, now aligned with Goldman uber-bulls: Raising S&P 500 Target to 4300 on Earnings Upside and Reopening Prospects We are raising our 2021 S&P 500 price target to 4300 from 4200, representing10.9% upside from current levels, and 14.5% for the year.

Wall Street is getting quite nervous, having suffered five straight days of declines in a row and was all set to completely rollover last night, but some calming words from the Fed chair abated that decline at the last minute.

Two investing legends – Ray Dalio and Jeremy Grantham – have recently put different cases for why parts of the technology component of stock markets are in a bubble vulnerable to steep correction.

Asian stocks are rising despite the poor lead from Wall Street overnight, as oil prices rise to new highs and bond yields continue to spike with S&P futures looking to claw back last night’s losses.

More interesting ruminations from a slightly less bullish Goldman Sachs on how to hedge inflation.

Bridgewater doyen, Ray Dalio, takes on the quadrillion dollar question today.

The NASDAQ dragged Wall Street down overnight with a very unsteady start to the trading week across the major risk markets.

Another mixed start to the trading week with Asian stock markets going all over the place in response to a mixed lead from Wall Street on Friday night, as the ructions from bond and currency markets outweigh stocks.

Wall Street finished Friday with another whimpering session as risk spirits abated through most of the trading week.

Asian stock markets have all broadly sold off in response to the poor lead from Wall Street throughout the short trading week, as strong US economic data continues to push risk sentiment lower.

Wall Street dropped for the third day in a row despite yet more strong economic and pandemic data with USD finally pulling back after its week long trend upwards.

Asian stock markets are mixed given the lack of confidence on Wall Street overnight, as strong US economic data continues to push the USD higher and leaves the risk markets a little hesitant.

I noted earlier that the US inflation panic is likely to drive yields higher yet.

Strong economic data from the US is haranguing risk sentiment with the USD strengthening once more on the presumption that the easing may ease off sooner than expected.

Asian stock markets are somewhat mixed given the stumble on Wall Streets return from a long weekend overnight, with overextended Japanese stocks falling back the most as expected while mainland Chinese risk markets remained closed for NY holidays.

Wall Street returned from its most ironoic holiday over night and stumbled, pulling back European stocks and potentially upsetting the groove that started in Asian equities at the start of the trading week.

Asian stock markets have doubled down on their great start to the week with gains across the region, including the return of some Chinese markets.