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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