Stocks & Gold Jump As Real Routed, Dollar Dumped

Stocks & Gold Jump As Real Routed, Dollar Dumped

Stocks are at record highs… so…

[youtube https://www.youtube.com/watch?v=StTqXEQ2l-Y]

Since the headlines crossed proclaiming some low-level Chinese folk will visit DC to meet some low-level Trump administration folk – Gold and The Dow have soared together, dollar faded, and bonds modestly bid…

Stocks & Gold Jump As Real Routed, Dollar Dumped

China stocks extended Monday’s “National Team’ gains but went flat after the lunch break…

Stocks & Gold Jump As Real Routed, Dollar Dumped

UK’s FTSE faded a little on the day but European stocks extended recent gains too…

Stocks & Gold Jump As Real Routed, Dollar Dumped

New record highs in US equities for Russell 2000, Dow Transports, S&P 500, and S&P Mid 400.

Futures pushed up overnight and stocks extending gains from the open and one could argue that stocks faded as the Cohen news hit (but it was modest at most)…

Stocks & Gold Jump As Real Routed, Dollar Dumped

Everything ended higher in stock-land, but it was well off its highs after Cohen headlines…

Stocks & Gold Jump As Real Routed, Dollar Dumped

The S&P tagged its record intraday high (2872.87) as VIX was pressed lower…

Stocks & Gold Jump As Real Routed, Dollar Dumped

Just another day in the world of the short-squeeze…

Stocks & Gold Jump As Real Routed, Dollar Dumped

Discount brokers (eTrade, Schwab, and TD Ameritrade) took it on the chin as JPMorgan unveiled their latest effort to grab retail AUM…

Stocks & Gold Jump As Real Routed, Dollar Dumped

Bear in mind that bonds and stocks have completely decoupled in the last few days…

Stocks & Gold Jump As Real Routed, Dollar Dumped

Treasury yields ticked up today modestly but remain lower on the week…

Stocks & Gold Jump As Real Routed, Dollar Dumped

The Dollar continued to roll over notably… to two-week lows – extending losses post-Trump (overnight saw a jolt lower in the dollar as Japan opened)

Stocks & Gold Jump As Real Routed, Dollar Dumped

Hurting the longs as Treasuries hurt the record shorts…

Stocks & Gold Jump As Real Routed, Dollar Dumped

The Brazilian Real dominated the FX space – tumbling over 1% and tumbling below the critical 4.00 level for the first time since Feb 2016… BRL traded 4.03 handle by the close…

Stocks & Gold Jump As Real Routed, Dollar Dumped

Offshore Yuan’s rebound continues to two-week highs

Stocks & Gold Jump As Real Routed, Dollar Dumped

Cryptocurrencies dipped overnight around the same time the dollar dipped at the Japanese open…

Stocks & Gold Jump As Real Routed, Dollar Dumped

Dollar weakness helped WTI today – despite the pre-telegraphed SPR release

Stocks & Gold Jump As Real Routed, Dollar Dumped

WTI’s spike looked very technical – bagging stops above $68 before fading back…

Stocks & Gold Jump As Real Routed, Dollar Dumped

Gold rallied for the 3rd day in a row (the biggest 3-day gain since March), tracking yuan higher…

Stocks & Gold Jump As Real Routed, Dollar Dumped

Finally, there’s this… the yield curve is tracking disappointing macro data BUT stocks don’t care… yet!

Stocks & Gold Jump As Real Routed, Dollar Dumped
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