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ECB/Payrolls Sends Stocks To Record Highs; Bond Yields Surge
Whether it is Draghi's jawboning - which has slammed EURUSD back to 1.36, juicing the carry trade (in spite of his concerns) - or the better-than-expected payrolls data, US equities are surging and so are bond yields. The initial reaction to the good news was a selloff in stocks but that was quickly recovered as USDJPY lifted all stops through 102 and saved the day and the meme that all is well in the world. Treasury yields are up 3bp (long-end) to 6bps (short-end) as rate-hike expectations shift from July 2015 to June 2015. Gold and silver were slammed into the print and have rallied since.
Stocka re up (after initially dropping)
Thanks to USDJPY...
As Draghi slams EURUSD...
and Bond yields surge...
Charts: Bloomberg
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Teeing it high for the coming slaughter
Looking more and more like the Nasdaq tests the old 2000 highs around 5100. I assume engineered earnings will be blow outs. At that point, the market should finally realize QE is over, the economy will revert to 2% growth, and the 10 year will be at 3.5%+. Could be the double top of a lifetime
Look folks, today is an "ECB day" and tomorrow is an Amerikan holiday. The only colour you will see when the ECB and FED work in tandem is green. The markets will NOT fall when banksters speak.
In two months
5 year at 2%
10 year at 3%
30 year at 4%
Nope. A lot sooner than that from the looks of the yield spike this morning:
http://www.marketwatch.com/investing/bond/10_YEAR/charts?symb=10_YEAR&co...
Your estimate, and why?
The BRICS bank and how they BRICS and its associates drop the US$ usage.
Just my guess.
I think I need an Austin Powers "YEAH, baby!"
Or maybe a little "It's on like Donkey Kong"
These money printing maniacs are making me look like Wiley Coyote "Super Genius" with my clients. This has been, hands down, the greatest 5 years of my career.
Of course, when this all finally unwinds there won't BE any careers left, but we'll cross that bridge when we come to it.
what else would one expect, especially on the last day of trading before a long holiday weekend?
there was zero chance of a red market today, just like any other day pretty much.
we all know this market is a big fucking joke and has nothing to do with real data. that is why i laugh when u have these fucking economists claiming the market is going up because of good data, yet this fucking rigged ass market has been going up every fucking time we had horrible data also.
if the market is going to soar on negative gdp, of course its going to go up on anything else.
Check out PETM lol
17,000 bitchezzzzzzz!!!!!!!!
It feels like 2000 All over again. After staying away from the casino all thru the 90s I couldn't help but jump in full force in 2001. .... Sorry not doing that again. But feel free to go all in yourself.
>> Gold and silver were slammed into the print and have rallied since.
Gold rallied to -$11? I'm much preffered gold was slammed down to + $11.
Just take the square root of a negative rally and you have our imaginary recovery.
I see what you did there...a recovery not on the number line indeed.
VIX's spiking, opening highs abating, just the typical pre-10:00 swoon for algos to get better entries for blast-off, or are the Wall St. holiday grillmasters taking off early today (?)
Wake me when 10YrTSYs hit 3% again. the economy nearly imploded when it happened a few months ago, don't expect anything different the next time around.
the Fed pulled out its QE bazooka, shot its last round, now finds itself unarmed and trapped in a two front war(stag-flation). it's out of options. it can no longer control market exhuberance with its tools, can't raise rates, can't end QE, and can't reduce its balance sheet without causing a seizure in the economy. that those TSYs sitting at the Fed are going to come back and bite them in the ass is a given.
i'm betting the reverse repo facility is going to be insufficient to prevent the next leg of this crisis... and it is still a crisis, considering the vast majority of programs meant to address conditions in 2008-09 are still in effect.