A bad day for people with the word “wood” in their name (too soon?).

Tiger tumbled his car and Cathie’s ARKK Invest crashed even harder…

Cryptos were crushed.

Bitcoin back below $50k…

Source: Bloomberg

Ether ended back below $1500…

Source: Bloomberg

Momentum crashed…

Source: Bloomberg

And while stocks were clubbed like a baby seal at the cash market open…

Good Morning pic.twitter.com/V798sf7s4g

— Stalingrad & Poorski (@Stalingrad_Poor) February 23, 2021

…Powell’s promise of moar of whatever it takes (which is exactly what he has now said consistently for a year) sparked the standard buying panic, lifting the Dow (orange), S&P (green), and Nasdaq (blue) back to unchanged, Small Caps (red) ended red…

NOTE: Europe’s open also saw major selling pressure

“Did you not hear a single word of what I just said? Buy the f**king dip!”

Nasdaq found support at its 50DMA…

“Most Shorted” Stocks puked by the most since March 2020 at the open, only to be squeezed back higher…

Source: Bloomberg

Energy stocks ended the day best with Cons Disc worst but everything levitated after the initial puke…

Source: Bloomberg

TSLA tumbled but dip-buyers also screamed in there too…

Could be worse – could be Workhorse…

Small Cap Biotechs had a bad day…

Source: Bloomberg

Bonds were mixed with the belly outperforming the tails (30Y +3bps, 5Y -2bps, 2Y unch)…

Source: Bloomberg

Despite all the chaos in stocks, 10Y Yields traded in a very narrow range on the day…

Source: Bloomberg

The dollar ended lower are tumbling along with stocks at the equity open…

Source: Bloomberg

Gold was lower on the day, but held above $1800… just…

Oil prices continued higher with WTI back above $62 ahead of tonight’s API inventory data….

Finally, the most-crowded longs held by hedge funds has erased all its losses relative to the massive WSB short-squeeze (of the “most-shorted” stocks)…

Source: Bloomberg

And if Biden and his pals want $1.9 trillion stimulus, they better get it done soon before this pandemic is over…

Source: Bloomberg