The Dow is up over 800 points from its pre-open lows and has pushed into the green for the day, shrugging off pandemic mutations as Fed Stress Test-enabled buybacks have sent Goldman and JPMorgan soaring, adding around 150 points to the index alone…
The Dow is leading the major indices but they are all soaring back…(NOTE – Small Caps were down 4% in the pre-open and are almost unch)
We can only assume that $900 billion was the Goldilocks number after all…
The dollar has reversed a major part of its spike…
Bonds have also erased earlier gains with yields almost back to breakeven…
It appears Mnuchin’s magic this morning worked after all.?
Dow green. 100% of the time it works every timehttps://t.co/JMi4rL8YzR
— zerohedge (@zerohedge) December 21, 2020
