Stocks Soar To All-Time Highs Despite Record Global Uncertainty
The biggest short-squeeze in six weeks, mirroring the mid-September rebound...

Source: Bloomberg
Sent stocks to record highs today...

Source: Bloomberg
Despite global uncertainty being at all-time record highs...

Source: Bloomberg
It's a full Risk-Astley-tard market...
And everyone knows, you never go full Rick-Astley-tard!
While stocks reached record highs, perhaps the bigger news was the massive explosion higher in cryptos with Bitcoin up over $1200 on the day...This is the biggest daily gain for Bitcoin since April.

Source: Bloomberg
Chinese stocks ended notably higher on the week after Friday's buying spree

Source: Bloomberg
European stocks were mostly higher on the week with DAX leading the way as trade hopes revived but UK's FTSE disappointed on Brexit progress being stymied...

Source: Bloomberg
US Equities were all higher on the week with Trannies the biggest gainer, followed by Nasdaq...

With S&P 500 leaving the key 3,000 behind and ramping above the closing record high (and within 0.5 points of the intraday record high)...

S&P Record Closing High 3025.86 (3027.98 intra)
Amazon's collapse overnight sparked a panic-bid from the cash market open (NOTE - the ramp really accelerated from the US open to the EU close)...

Momo was lower for the 3rd week in a row - tumbling most since the quant quake in September...

Source: Bloomberg
VIX was monkeyhammered back to a 12 handle for the first time since July...

Source: Bloomberg
Financials outperformed the market this week, decoupling from the yield curve...

Source: Bloomberg
Treasury yields ended the week higher after their spike today with the belly underperforming...

Source: Bloomberg
30Y Yields spiked up to Monday's highs today...

Source: Bloomberg
The Dollar ended the week higher, but well off the October highs

Source: Bloomberg
Cable sold off this week - after 3 huge weeks higher...

Source: Bloomberg
Offshore Yuan rallied for the fourth week in a row...

Source: Bloomberg
Cryptos ended the week higher after today's huge buying...

Source: Bloomberg
With Bitcoin bouncing perfectly off its 200-day moving average

Source: Bloomberg
Silver and Crude outperformed this week but all major commodities were higher

Source: Bloomberg
WTI topped $56 - to its highest since September...

Gold futures got back above $1500...

And silver soared back above $18...

Global negative-yielding debt rose very modestly this week...

Source: Bloomberg
Finally, we note that October is currently the most disappointing macro month since April 2017...

Source: Bloomberg
But then again, it's not about fun-durr-mentals...

Source: Bloomberg
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