US Stocks Reach Longest Bull Market Ever… Amid Ruble, Real, & Rate-Curve Rout

Longest. Bull. Market. Ever…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

The current rally may be longer but it’s not stronger…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

Are you not entertained…

[youtube https://www.youtube.com/watch?v=L-l6tHeseDY]

Not everyone is celebrating but everyone’s distracted…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

US Stocks Achieve Longest Bull Market Ever Thanks To Largest Experiment In Central Bank History

Fun-durr-mentals

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

What happens next?

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

*  *  *

China stocks limped lower overnight…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

Spanish stocks lead Europe and UK lags…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

And, of course, US equities were manically bid back up to erase all anxiety over Cohen and Trump… Nasdaq managed to erase all the losses…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

On the day, Trannies were the weakest (as oil surged), The Dow ended lower, Nasdaq and Small Caps were bid but the S&P clung to unchanged…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

Today’s FOMC Minutes left all markets thoroughly unimpressed…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

Bonds remain remarkably decoupled from stocks in recent days…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

Treasury yields dipped on the day (aside from 2Y which was unch) with very little reaction to FOMC Minutes…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

30Y Yields closed back below the Maginot Line of 3.00% for the first time in a month…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

The yield curve continues to flatten…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

Once again FX markets were making headlines.

The dollar dipped to its weakest in 2 weeks…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

Offshore Yuan weakened today as trade-talks are set to begin…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

The Mexican Peso rallied on NAFTA headlines…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

The Real was routed…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

And Ruble crashed…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

Cryptocurrencies tumbled this morning, pushing Bitcoin red on the week…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

Gold was flat, copper and silver lower but crude surged after initially dropping inventory data…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

WTI is back near 3-week highs…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

And gold futures are holding above $1200…

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

Finally, amid all the exuberant celebrations of the longest bull market in history, we note that US economic data is the second worst in the world…with only China worse.

US Stocks Reach Longest Bull Market Ever... Amid Ruble, Real, & Rate-Curve Rout

Rosie summed things up well…

Read on ZH

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Author: HEDGE

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