Stocks, Dollar, & Bitcoin Jump; Bonds & Black Gold Dump After Record GDP Tyler Durden Thu, 10/29/2020 - 16:00 A better than expected record rebound in GDP prompted traders to buy the 'rumor' ahead of tonight's explosive set of earnings from FB, TWTR, AAPL, & AMZN with stocks running stops through gamma pivot levels, technical levels, and rolling over... At around 1315ET, the algos went wild...but a weak close as month-end looms... As investors rushed in for FOMO... But no bounce in Europe... Source: Bloomberg S&P Futs ran above the 3300 pivot and then took out yesterday's opening ledge stops before rolling over... Small Caps cluing to their 50DMA, S&P bounced off its 100DMA, Dow bounced off its 200DMA, Nasdaq remains below its 50DMA... Momentum faded today as value rose marginally... Source: Bloomberg XOM held its dividend steady for the first time in decades (but didn't cut it) leaving its yield (in absolute and spread terms) at record highs... Source: Bloomberg FANG Stocks soared ahead of tonight's earnings extravaganza... Source: Bloomberg As opposed to yesterday's "Sell it all" day, today saw bonds dumped as stocks pumped... Source: Bloomberg But bonds made the headlines as an ugly 7Y Auction and reports of a big offering from Boeing (~$5BN) which would require rate-locks sparked a considerable spike in yields, basically erasing the week's yield drop... Source: Bloomberg 10Y pushed back above 80bps but we can't help but a sense of deja vu all over again as after Boeing's issuance, we will see this pressure unwind... Source: Bloomberg Real yields soared higher today (gold largely shrugged it off) to its highest since July (still negative though)... Source: Bloomberg The Dollar jumped to 3-week highs before rolling over a little... Source: Bloomberg 10Y Yields reversed at their 200DMA once again... Source: Bloomberg As the Euro tumbled on ECB promises of more money-printing... Source: Bloomberg EURUSD's drop stalled perfectly at the 100DMA however... Source: Bloomberg Cryptos were mixed today with ETH and BTC higher... Source: Bloomberg Bitcoin bounced higher off $13,000 once again... Source: Bloomberg WTI crashed to a $34 handle - 5 month lows... Gold futures extended their losses below $1900... Finally, we note that the market's fear of a contested election has subsided significantly...