Bonds, Black Gold, & Big-Shorts Bid As Bitcoin Breaks Down The most-shorted meme stocks continued to charge higher today... Source: Bloomberg The best performer among these manic meme stocks was CLOV... As did the most-shorted micro-caps... Source: Bloomberg Both of which lifted Small Cap stocks to dramatically outperform the rest of the majors today (which all ended unchanged)... Chip stocks were pummeled from a strong open... Source: Bloomberg Bank stocks seem a little over their skis relative to the yield curve... Source: Bloomberg Bonds were well bid... Source: Bloomberg With 10Y yields closing at their lowest in three months... Source: Bloomberg The Dollar trod water... Source: Bloomberg Cryptos were ugly overnight on FBI/Hack headlines and IRS regulatory threats but bounced back as details were explained and MSTR's bond issue was upsized... Source: Bloomberg Bitcoin traded down to within pennies of $31000 and bounced back up near $33K... Source: Bloomberg Bitcoin remains at a key support level... Source: Bloomberg WTI topped $70 for the first time since Oct 2018... Gold was choppy today but ended back below $1900... Finally, we wonder just what will happen when all these couch-sitters actually run out of benefits? Record job openings... and near-record people soaking up government handouts rather than apply for a job. Source: Bloomberg Tyler Durden Tue, 06/08/2021 - 16:01