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Stocks Inch Higher As Draghi Dreams Trump Dismal Data
China growth slashed, more epically dismal US data, lack of clarity from Draghi, slumping oil prices, dropping yields, surging USD... now if that isn't a recipe for buying US equities at record highs, we don't know what is...
Stocks close unchanged from ECB...
And on the day only Trannies closed red (even as oil tumbled) thanks to an aftenoon push higher...
On the week, things are mixed - earlier in the day everything was red but the ubiquitous v-shaped recovery dragged high beta into the green... The S&P and Trannies remain red on the week and Dow closed unch...
VIX pushed back down towards 14.. because what do you do before a jobs print that basically assures a June rate hike OR NOT...
Across the sectors this week... Biotech sdriving heaklthcare to highs, and financials excited ahead of the stress tests...
as Financials tocks remain much more excited than credit...
As Draghi spoke so global bond yields compressed and the Treasury complex followed suit, having shrugged off the rate-lock weight from the Actavis deal earlier in the week...
The weakness in the EUR (1.09 handle against the USD at 12 year lows) sent the USD Index soaring to fresh highs, now up over 1% on the week...
Swiss Franc has been monkey-hammered this week...
Commodities were generally flat - despite the surge in the USD... apart from Crude...
As Crude finally woke up to what China did last night... or just algos...
Charts: Bloomberg
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once the employment report comes out tomorrow then its too the moon, alice!!
Non Farm Payrolls tomorrow... I'm sure that what ever the number is, it will be BULLISH for stocks and BEARISH for silver.
yup, im wondering if they will be able to get the VIX down 50% on the day to new lifetime lows at some point as everything explodes higher.
youve seen it the last few days, loads of buyers below the market cause you know we are going higher. the risk is what, maybe back down to 2000 before Yellen speaks again vs up to 2500 by the end of the year? its a no brainer.
Has anyone else noticed Tyler's spelling has gotten significantly worse? What's up dude? Did you have a stroke?
i've been proffing, ha...
That USD/CHF is such a load of... Other CHF pairs looks the same as well... :P
"When you're a ZIO, some days are tough... Sittin' on your ass lickin' your balls & stuff"
Sung to the music of NYC Boy, by the Pet Shop Boys...
https://www.youtube.com/watch?v=sO28HZ3y5sg
Data doesn't matter....it will go up...till they have off loaded most to the muppets. Then the carpet gets pulled. Same again...wash, rinse repeat! Till people take back government from the money changers this is how it goes!
Does China Matter? i mean if the stock market here in the u.s. goes up... what else does matter?
gee, wonder whats goin on in the phony Silver and Gold paper markets???
seems rather odd that they would be goin down with all the dreadfull economic REAL data...
oh, and Didnt that Goldman guy over in Europe announce he was gonna accelerate the counterfeiting of that other worthless debt based currency???
i dont know - it all seems a little counter-intuitive....
I think it's such childish behavior to short all that paper gold. But when shit hits the fan, they'll dramatically lose control.
Muppets look into the light....Stocks go up no matter what....buy more....take out loans...buy more stocks...you are feeling sleepy....we are your friend we would never hurt a muppet....
its so true...
the MoneyChangers love us all...everything is lovely...
now lets bow our heads and bless the Skippy dog food theyve provided for us...
my snarc remarc: sideways action before the great wooosh.
owww baby, i like that sideways action before you go all-da-way down...
Didn't matter what your fancy systems said, VIX / RVX meant everything, & they whipsawed like a prize-winning beagle's tail
you know ... frbny can ramp up the market anytime by monkey hammering vxx ...
Cant wait for the new IPO selling environmental friendly plastic piles of shit.
Carly Rae Jepsen vs. Panther Energy Trading
I wanna smash your face
Then get drunk off your fears
Don't you share your oil spoofing program code with anyone but me
I wanna tear out your heart
I wanna crush it in my hands
Make you plead and cry as you give up all the lines
We're not colleagues, but more than friends
Put a jet fuel flame to every single word you ever said
No more spying to get me through
I'll keep coding all night till I come up with something new
Tonight I’m getting back at you, tonight I’m getting back at you
Back at you
Stuck in a dystopian dream
And man it looks so bleak to me
Should be safe from harm but
Instead I’m helpless as the retail sheep . . .
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abby someone
"Sit down, won't you?"
"Thank you."
"Oh no, up here..."
At this point, things are so screwed up, so unbelievable, I almost wonder if ZH isn't making this stuff up....but I know better. It would seem that at some point things get on such a hair trigger edge that no one , not even the HFTers with their hyperspeed alogs would risk dipping in this market because they'd no sooner be getting in when another trader would be whipping past them at the speed of light in the opposite direction, having just sold.
What I can't figure is with ZIRP and NIRP and all the quackery out there, how have PM's been able able to be caged for so long?
Tyler(s), please produce two charts:
Showing how much the existing gold and newly mined gold being added yearly against the amount of world currency fiat being computer clicked into existance. Entitle this "The great divergence, part I."
And then while you are at it, show the growth of the lower 99.9999 % er's total wealth vs the top .0001% total wealth. Entitle this the Great Divergence, part 2.
Thank-you kindly for your attention to this matter.
C'mon Janet, this recovery is so strong you can do a 1% rate hike in May!
Prove to us this is real!
Trannies going down bitchez.
No one can predict the future, but on the charts I look at there is signficant downside risk, not only moving foward, but for, like, tomorrow.
If you're holding until tomorrow........you may just be a long term investor.
No one should be in stocks without accounting for both sides of the market. Today was a great example. If your weren't hedged by options or, better, futures, you just got it REAL GOOD.
The only "hedge" (non correlated financial asset) remains treasuries.
Some shorts have done terrific of late...but the market over all still moves higher.
With energy prices this low and certainly going far lower (temperatures will move into the 40's next week) and Generalplan Ost as your backstop...good luck winning on the short side.
I maintain a sell on all transports save railroads however.
If oil prices head straight to twenty bucks here you don't want to be in that space.
GREEKS HAVE FOUND THEIR LEVERAGE OVER THE PUSSIES IN EUROPE (CAN'T MAKE THIS SHIT UP)
http://news.yahoo.com/europe-swamped-crush-migrants-arriving-land-sea-16...
AND BEING THE SCUMBAGS THEY ARE, COUCHED IT IN OFFICIAL "POLICY LEGALESE" FOR THE EURO-PUSSIES
http://www.keeptalkinggreece.com/2015/03/04/migration-policy-change-docu...
"If you see something buy something" lol. Still cracks me up.