Dow Outpaces Nasdaq For 3rd Straight Day; Bonds, Bullion, & Bitcoin Bid Tyler Durden Tue, 07/14/2020 - 16:00 A volatile day got ugly fast early triggered by the inflation data but was rescued by relatively positive virus reports from various states sparking the usual buying panic in stocks. A late-day panic-bid rescued everything of course as a MoC buy hit the tape... The Dow rose 600 points, back above yesterday's highs, finding support early on at the 200DMA... From the June 8th highs, the non-Nasdaq indices are coming back a little... But, Nasdaq was the laggard once again with The Dow outpacing it for the 3rd straight day - the biggest outperformance in 4 months... And while stocks overall were bid (led by the Dow), investors also bought bonds... Source: Bloomberg They also bought bullion... Source: Bloomberg And they bought Bitcoin... Source: Bloomberg You want the truth! You can't handle the truth! Value outperformed Growth for the second day in a row... Source: Bloomberg FANG Stocks plunged over 10% from yesterday's highs before bouncing back intraday... Source: Bloomberg TSLA could not hold its manipulated opening ramp gains for the second day in a row... WFC was ugly as JPM clung to gains after earnings... Source: Bloomberg 10Y Treasury yield closed near 3-month lows... Source: Bloomberg The Dollar reverted back to the lower end of its recent range... Source: Bloomberg Cryptos were mixed today, weak overnight but bid from the European open... Source: Bloomberg Commodities didn't move too much today aside from oil which bounced during the US day session (ahead of tonight's inventory data) Source: Bloomberg And finally, for all those panicking about a "second wave" and demanding nationwide lockdowns, perhaps an uncomfortable glance at the rate of deaths might change your mind about just how much hysteria is required... Source: Bloomberg