Record High Stocks, Record Low VIX But Bitcoin, Bonds, & Bullion Bid

Buy it all... On the week - Stocks are up, Treasury Bonds are up, Corporate Bonds are up, Gold is up, Bitcoin is up, and WTI Crude is up...

Video length: 00:04:05

Before we get started - consider the following...

(Click on image to enlarge)

And perhaps this will help explain last week's action compared to this week's? Everything reversed trend when China got back from holiday...

(Click on image to enlarge)

Small Caps ended the week red - the first drop in 6 weeks - as Trannies outperformed (just edging the Dow on the week), but the rest of the market traded in a very narrow range this week...

(Click on image to enlarge)

In fact, it appears Russell 2000 has died. After surging 12% higher in the prior month in a seemingly unstoppable surge, it has gone nowhere for 10 days straight - 1509, 1511, 1508, 1512, 1510, 1504, 1508, 1507, 1505... 1505.

(Click on image to enlarge)

This move in Small Caps looks very similar to the surge of the election which then did nothing for 9 months...

(Click on image to enlarge)

S&P saw a change of regime in the last two days with selling in the last 30 mins...

(Click on image to enlarge)

With VIX back at record lows, FX and Rates vol remains elevated - though fell this week...

(Click on image to enlarge)

And while Russell traders are hedging, so are Nasdaq traders.. as it soars to record highs, the inverse QQQ ETF (QID) has seen options interest soar...

(Click on image to enlarge)

(with more than five calls - bearish Nasdaq - outstanding for each put - bullish Nasdaq)

(Click on image to enlarge)

Despite the record highs in the major indices, Trump tax hope has collapsed back to post-election lows...

(Click on image to enlarge)

Bank stocks suffered on the week after 'sell the news' earnings...

(Click on image to enlarge)

And traders have rotated back to FANG stocks - sending then to record highs... (up for the 5th week in a row)...

(Click on image to enlarge)

Treasury yields tumbled on the week...

(Click on image to enlarge)

With a massive flattening in the curve...

(Click on image to enlarge)

The Dollar Index fell the most in 6 weeks this week led by Cable strength...

(Click on image to enlarge)

Bitcoin is perhaps the week's biggest headline-grabber - soaring over 32% - the biggest week of Dec 2013...

(Click on image to enlarge)

And Jamie Dimon has had a tough run of it...

(Click on image to enlarge)

Gold rose back above $1300 today, having its best week (and first positive week) in the last 5 weeks. Silver jumped over 3% on the week - the most in 6 weeks...

(Click on image to enlarge)