Just "buy" - everyone else is... what could go wrong?

Video length: 00:00:59

It's been an interesting year so far... equities are unstoppable, the dollar is tanking, gold is soaring, and bonds are tumbling...

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This is easy... US Equities have 'suffered' only one down day in 2018 so far (in fact Trannies haven't seen one down day)...

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BTFD!!

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Putting this move in context:

• Trannies best start to a year since 1983
• S&P best start since 1987
• Dow best start since 1997
• Nasdaq best start since 2004

"Never gonna let you down"

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The Dow is up 1060 points in 2018 - 5 names account for more than half those gains (BA, CAT, IBM, MMM, and UTX added 555 points!)

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VIX traded back above 10 today again, rising with stocks, and VIX has entirely decoupled from stocks...

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Banks had a good week (despite dismal earnings) but Wells ended red...

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Facebook took the shine off Nasdaq a little today, tumbling after Zuck's censorship comments...

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But thanks to panic-buying in NFLX and AMZN, FANG Stocks exploded higher off-the-lows today...

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And while stocks are surging, Treasuries are tumbling - suffering the biggest total return loss since 2006... (worst 2 week drop in 3 months)...

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Yields ended the week higher across the curve, but look at the strength in the long-end the last 3 days...

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After steepening dramatically after the China headlines, the yield curve collapsed back flatter to end the week unchanged...

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2Y Yields topped 2.00% for the first time since Sept 2008...

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2Y Yields are now 18bps higher than the dividend yield of the S&P 500...

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High yield bonds had the worst week in the last 6, decoupling from stocks...

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The dollar plunged most since March 2017 today to the lowest in 4 months... (5th week down in a row)

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One wonders if this is the short-term low?

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Cryptos have had a volatile start to the year with Bitcoin, Ripple, and Litecoin all holding around unch while Ethereum is up 65%...

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This week saw Ripple crash 30%, and Bitcoin dropped around 19% - the worst week since Jan 2015...

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The last few years have seen Bitcoin show seasonal tendency to drop into mid-to-late January before picking up into the summer...

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In commodity land, copper ended the week lower but Crude and PMs surged today as the dollar collapsed...

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Gold surged today - its best day since August - and is up 5 straight weeks...Gold futures hit $1340 for the first time since September 14th...

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Normalized for vol, gold has decoupled higher relative to bitcoin...

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WTI Crude bounced back above $64 today as the dollar plunged...

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And Spot Palladium surged to a new record high...

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Bonus Chart: All-In Bitches!!!

The last time sentiment was this lopsided, the fallout caused Greenspan to invent the Fed Put (chart courtesy Ed Yardeni) pic.twitter.com/yI2eoA2A72

— Not Jim Cramer (@Not_Jim_Cramer) January 11, 2018