Mar 29, 2021 AT 09:44PM

• Russell -2.5%, EEM -0.8%, Nasdaq -0.6%, SPX -0.1% and Dow +0.3%
• Liquidation Stocks: GSX -20% Vipshop -8%, Farfetch -6.5%, Viacom -6.6%, iQIYI -5.6% and Discovery -2%
• MoMo/Val -4%, ARKK -2.5%, CQQQ -2.3%, KWEB -1.6%
• Sectors: XOP, XLF -3% vs XLU and XLP +1%
• Massive jump in Banks CDS with Credit Suisse 1Y risk exploded
• US 10Y > 1.70%, BBDXY = $1150, Bitcoin =$57.5k and Ether > $1800
• Oil = $61.50, Brent > $65 and Gold dumped to $1710 and Silver <$25

US stocks closed mixed with Dow rose to a new record helped by Boeing (+2.3%) after Southwest Airlines added 100 orders for the airliners 737 Max jet, although Financial and energy shares pushed the SPX down from a record high following Archegos liquidation. The sell off extended just after the US cash open led by small caps which closed lower by 2.5% although stocks did manage to bounce at the EU close after MS said it had no more blocks to sell but the bounce did not last as headlines hit into the last hour of Wells Fargo selling blocks which saw shares of Viacom, GSX, Vipshop, farfeth and iQIYI all closed near session lows. Elsewhere, Banks stocks tumbled with MS, WFC worst on the day. Bonds were also battered with US 10YR tops above 1.70%. Credit markets also felt the small ripples of the forced unwind. Oil remained in its recent range and rebounded of its $60 support lvl. Precious metals were dumped with Gold nears $1700 and Silver fell below $25 handle while Cryptos were bid with Bitcoin surges to $58k while Ethereum tops $1800.