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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