Stocks Extend Winning Streak To Longest In 4 Years Despite Deluge Of Dismal Data

Productivity plunges... Retail Sales disappoints... Consumer's Confidence in their finances lowest since 2014... Weak China data... global bond yields at record lows... US yield curve back near cycle flats... US and Global GDP expectations at cycle lows... BUT  best week in oil in 4 months... simultaneous record highs in S&P, Dow, Nasdaq for first time since Dec 31 1999...

Before we start any of this "market" stuff... there is this - US 2016 GDP growth expectations crashed to cycle lows today...

Despite global economic surprises reaching a 30 month high... global GDP expectations tumbled to cycle lows...

This week was among the worst in 18 months for US economic data...

The Dow and S&P machines worked hard to make sure they closed green...

With VIX shoved back down into the close...

Nasdaq is now up 7 weeks in a row - the longest streak since March 2012 - after which it tumbled 13%...

Financials continued to catch down to the flattening yield curve...

While the short-end underperformed on the week, Treasuries were bid across the entire complex on the week...

2s30s flattened over 6bps on the week - the most since Brexit, back near cycle lows...

Cable was the week's biggest loser in FX land with Yen surging higher today when Retail Sales hit... USD Index scrambled back to unchanged on the week...

While the USD ended the week unch, crude soared, gold and silver tumbled to unch, and copper slid on weak China data...

Gold and Silver had quite a ride since Payrolls...

This was oil's best week in 4 months... on the back of a Saudi statement of hope...

Charts: Bloomberg

Bonus Chart: Italy... bwuahahahaha 

Disclosure: None.

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Chee Hin Teh 8 years ago Member's comment

Thanks Tyler for your good information, Hope to hear more from you.