Thanks To Biggest Short Squeeze In 4 Months, US Stocks Shrug Off EM, EU Entropy

Markets move robotically higher, US creates fasteresterest super-computer ever-ever, Tudor's AI fund outperforms humans dramatically, Durant shows cyborgian features... It's here...

Video length: 00:04:21

It's all green, all the way baby...

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VIX tried its best to get back below 12...

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Growth dominated value to start the week then factors reversed rapidly on Thursday morning as value dominated growth to end marginally higher on the week...

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Wondering why stocks soared seemingly unstoppably this week, no matter what was thrown at them? Simple - it was the biggest short squeeze week in four months...

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In fact, since the start of April, "Most Shorted" stocks have dramatically outperformed the S&P...

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FANG stocks outperformed financials on the week but the last 3 days financials were the big winners...

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But as US bank soared, Italian banks... did not...

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Massive divergence occurring between US equity risk, IG risk, and HY risk...

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And while US debt markets' saw a yield flash-crash which left them marginally higher on the week...

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The biggest story of the week - which CNBC et al. barely even mentioned - was the huge liquidity suck out in US Treasuries on Thursday...

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10Y Yields remained below 3.00% ...

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The yield curve ended practically flat on the week...

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Emerging Market debt tumbled back near its lowest since Feb 2016... after a brief dead cat bounce last week...

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But US HY credit markets rebounded notably, even as Emerging Markets plunged...

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The Dollar Index fell on the week for the first time in two months - though the trend is undeniably flat for the last 17 days...(1168, 1170, 1169, 1168, 1169, 1168, 1171, 1173, 1177, 1170, 1171, 1172, 1171, 1172, 1170, 1170, 1170...)

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EM FX was ugly broadly speaking but as the Argentine Peso plunged today so the Brazilian Real resurged miraculously...

And in case you wondered - *BRAZIL TREASURY ACTS TO CURB VOLATILITY, NOT FIX PRICES: ALMEIDA

Cryptos ended the week in the green with Bitcoin Cash outperforming and Litecoin the laggard...

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Even with the dollar marginally lower, oil still underperformed, as copper soared on supply scares...

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Silver notably outperformed gold on the week...back to almost unchanged on the year...

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But $1300 remains bid for the yellow metal...

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Once again, just as reality was about to dawn, soft data surveys took off again this week (as hard data faded)...

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Finally - today was all about the G6+1...ish

I miss the costumes. I want costumes. pic.twitter.com/dTNWuiLucu

— BuckTweet (@Bucktweet_Say) June 8, 2018