Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

stocks soar to record highs as dollar dumps to month lows

Record highs… what to do now?

[youtube https://www.youtube.com/watch?v=NHWjlCaIrQo]

Chinese stocks soared as the week opened (with tech-heavy CHINEXT up 3%)…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

European stocks took their lead from Asia exuberance (UK closed so no FTSE trading)…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

All of which boosted US futures overnight…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

And sent cash indices soaring – Nasdaq (8k), S&P, and Russell 2000 hit all-time-highs, and Dow topped 26k for first time since Feb.

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

NOTE: After Europe closed, markets went dead with Small Caps actually fading

Another short squeeze at the open today but it seemed to run out of ammo very early…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

Despite soaring stocks, VIX was higher on the day…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

Financials surged relative to tech stocks..

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

Tesla stock tumbled after Musk’s about-face on going private and its bonds traded back near record lows…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

For 2018, it’s been the ‘tech-haves’ vs the ‘tech-have-nots’…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

Bonds & Stocks remain completely decoupled – though yields and stocks rose on the day…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

Treasury yields pushed higher almost uniformly starting at around 7amET (smells like rate-locks once again)…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

But, despite the spike, 30Y Yields remain below 3.00%…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

The Dollar dumped on the day to unchanged on the month…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

To the bottom of its multi-month range…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

Offshore Yuan stabilized today after Friday’s surge…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

The Turkish Lira dropped after its week off…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

The Peso and Loonie both managed gains against the greenback after trade-deal headlines…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

Cryptos are higher since Friday’s close with Bitcoin leading the way (and ethereum lagging)…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

In commodity land, a weaker dollar helped support the majors very modestly higher…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

Hogs and Corn futures jumped on the US-Mexico trade deal talk…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

The broad commodity index rebounded but remains below Friday’s spike highs…

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows

Finally, just in case you were wondering why stocks are just ripping in August amid the dismal data… it’s not the economy, it’s the buybacks, stupid!

Stocks Soar To Record Highs As Dollar Dumps To 1-Month Lows
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Author: HEDGE

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