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Dollar Soars By Most In 43 Months; Stocks, Oil Surge In Week After Worst Payrolls Since 2013

Tyler Durden's picture




 

Dismal jobs data - who cares... Worst earnings season in six years - who cares... continued missed expectations in macro data - who cares... GDP expectations at cycle lows - who cares... corporate leverage at record highs - who cares...

 

From Friday's post-payrolls low close... stocks exploded-er... Nasdaq up 3.5%!

 

Of course todasy was all abot AAPL and GE... but look at the v-shaped recovery in stocks after the openiong dump...

 

From Thursday's cash close... Nasdaq is the big winner and Small Caps the small winner...

 

Leaving stocks all in the green for April - even Trannies...

 

But Trannies still down 4% on the year...

 

Treasury yields rose 8-15bps on the week (long-end outperforming in significant bear flattener)...

 

Credit 'disagreed' with stock exuberance today...

 

The US Dollar was up around 3% on the week - its best week Since September 2011...

 

With EUR losing over 3.5% against the dollar on the week...

 

Dollar strength did not weigh directly on commodities (apart from Silver - which was monkey-hammered most in 3 months)

 

The reason, of course, is that the worse the data the better for stocks (moar lower for longer)...

 

However the dollar surge means that conditions everywhere else are also deteriorating... (world 2015 GDP growth expectations are the lowest ever)

 

Charts: Bloomberg

 

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Fri, 04/10/2015 - 16:09 | 5980107 Ban KKiller
Ban KKiller's picture

Pretty colors! Love watching the rigging. I mean free market. 

Fri, 04/10/2015 - 16:14 | 5980135 flacon
flacon's picture

In the good old days the dollar and equities were inversely related. Now everything goes up, except valuables like gold and silver. 

Fri, 04/10/2015 - 16:23 | 5980188 LianaKaulitz
LianaKaulitz's picture

Tony Montana went to jail for changing dollars

https://www.youtube.com/watch?v=f6AmyRTBdXI

Fri, 04/10/2015 - 18:39 | 5980665 Harbanger
Harbanger's picture

Central banks around the world are printing fiat and buying stocks.  Gold may not be going up right now in USD but it is in other currencies.

Fri, 04/10/2015 - 17:08 | 5980375 dimwitted economist
dimwitted economist's picture

Rigged? No Way...... that sounds like Alex Jones CRAZY conspiracy talk............

Fri, 04/10/2015 - 18:15 | 5980598 ajax
ajax's picture

 

 

"Dollar Soars By Most In 43 Months"

Are you insane ??

You are insane.

Quit publishing such outright bullshit.

Fri, 04/10/2015 - 18:21 | 5980618 ajax
ajax's picture

 

 

Oh sorry, not another bullshit headline - just a "fat finger" on the keyboard??

Fri, 04/10/2015 - 22:55 | 5981244 chilli sauce
chilli sauce's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com

Fri, 04/10/2015 - 16:11 | 5980118 Pooper Popper
Pooper Popper's picture

if this market was a horse,you would shoot it!

Fri, 04/10/2015 - 17:28 | 5980446 ebworthen
ebworthen's picture

If the dollar keeps ramping up it's going to shoot a lot of unicorns.

Fri, 04/10/2015 - 16:11 | 5980119 adr
adr's picture

I remember hearing over and over and over that the dollar losing strength is why prices were going up and oil was going up.

SO THE DOLLAR SHOOTS THROUGH THE ROOF AND EVERYTHING KEEPS GOING UP IN PRICE!!!!

I want every commentator on TV that was saying dollar weakness caused oil and inflation to increase to come out and say they have no fucking clue about anything and they were just lying straight to everyone's face.

The price of things made overseas have skyrocketed 30% so far this year.

Fri, 04/10/2015 - 16:13 | 5980134 JustAboutThatAc...
JustAboutThatActionBoss's picture

I finally threw up in a trash can today....
We must be near a bottom in the S&P....

Fri, 04/10/2015 - 16:15 | 5980139 Keltner Channel Surf
Keltner Channel Surf's picture

“Bankers’ Concern”   by Modest Mouse

The bankers’ concern for the people:
Build asset monuments for sheeple
that block their eyes

The Hang Seng’s up each day by noon
Her friend’s text message
has her reach for her shoes
and then walk
“Don’t need to work, gonna trade stocks,
gotta quit our jobs”

Had proof the Bismarck could not sink
And didn’t heed the signs from plunging yields,
so they thought:
“This'll never end, this'll never end, this'll never stop”

Message on an Eccles bathroom wall
said:  "I don’t feel we’ll ever let it fall"
And they’re losing all touch, losing all touch,
like fish in a desert

Fri, 04/10/2015 - 16:24 | 5980146 Thirst Mutilator
Thirst Mutilator's picture

I fucking HATE 'Elliott Wave' Theory...

 

But TRUST ME... EWT is being USED to take the USD to a certain point [Technically]... Hint: 'It's going HIGHER'

 

After that???

 

Ciao!

 

Go research it 4 urselves bitchez...

 

~~~

For u 'PREPPERS' out there... use the waves to stack accordingly [gas, grass, & things 2 attract & satisfy ass, & Ag/Au'sss]... Tell 'em 'FRANCIS' sent u...

Fri, 04/10/2015 - 16:46 | 5980280 Proofreder
Proofreder's picture

Aye, aye, Mr. Sawyer

Good Riddance

Fri, 04/10/2015 - 17:00 | 5980332 Thirst Mutilator
Thirst Mutilator's picture

fuck that worthless POS [who only ever spoke of LIES]...

Fri, 04/10/2015 - 16:17 | 5980149 world_debt_slave
world_debt_slave's picture

is it happy hour yet?

Fri, 04/10/2015 - 17:16 | 5980402 atomp
atomp's picture

It's always five o'clock somewhere.

Fri, 04/10/2015 - 18:26 | 5980639 ajax
ajax's picture

 

 

Like I said: go long nipple tassles and cocktail napkins:

https://www.youtube.com/watch?v=kn0wF_k_L1A

 

Fri, 04/10/2015 - 16:22 | 5980177 Tsar Pointless
Tsar Pointless's picture

Disappointing. I thought the NASCRACK would get to 5000 today. But the Dow and S&P went back over 18000 and 2100, respectively.

So, two out of three. Ain't bad.

Fri, 04/10/2015 - 16:26 | 5980208 kchrisc
kchrisc's picture

The dollar is not "up," but aligned for "exit" for those so connected and "chosen."
"Exit" will be followed by "free-fall."

The banksters need to repay us.

 

One day soon it will be announced by the DC US that each and every household in America is suspected of having WMDs, and therefore will need to be "preemptively" invaded to secure them.

Fri, 04/10/2015 - 16:27 | 5980212 Callz d Ballz
Callz d Ballz's picture

don't get brand new on me here...

Fri, 04/10/2015 - 16:28 | 5980216 khakuda
khakuda's picture

Kocherlakota and Dudley told you all you needed to know this week and reminded us of the only thing that matters:  Their 'courage' to reiterate that rates will stay near zero, the Fed won't allow equity prices to drop at all ever again and QE4 is always on the table.  Blow bubble blow.

Fri, 04/10/2015 - 16:46 | 5980283 Seasmoke
Seasmoke's picture

Sure looks like they are losing control of things.

Fri, 04/10/2015 - 16:59 | 5980335 Callz d Ballz
Callz d Ballz's picture

The higher this pig goes up the more spectacular the rot bloaded exploding carcus will be.

Fri, 04/10/2015 - 16:59 | 5980336 Proofreder
Proofreder's picture

You want Bubbles ??

I'll give you bubbles ...

https://www.youtube.com/watch?v=F-4IWVJ7GWI

WARNING - do not, under any circumstances, watch this video for more than 30 seconds

Fri, 04/10/2015 - 17:00 | 5980341 BellevueTrader
BellevueTrader's picture

Let's not forget that Rome once burned...Did it not?

Ms. Yellen is playing the Interest Rate fiddle while America burns...

Fri, 04/10/2015 - 17:05 | 5980363 Fluxite
Fluxite's picture

Of course the markets are up as money supply is surging.

 

Think about it:  QE = Gov buys bonds with newly printed money.

 

The recipe is called HYPER-INFLATION and its coming to a street near you.

 

 

Fri, 04/10/2015 - 17:15 | 5980396 SirBarksAlot
SirBarksAlot's picture

https://youtu.be/5akEgsZSfhg

Would you like to ride in my beautiful balloon?

We could float among the stars together, you and I...so we can fly!

Up up and away in my beautiful balloon!

The world's a nicer place in my beautiful balloon.

We can sing along as we sail along the silver sky!

Etc.

 

Fri, 04/10/2015 - 17:25 | 5980434 homebody
homebody's picture

American consumer irrelevant.  Retail investor irrelevant.  Fundamentals irrelevant.  

 

All countries racing to the bottom - I eagerly await hyper-inflation and the eventual reset.  Too bad millions will perish in the transition.

Fri, 04/10/2015 - 17:31 | 5980461 The Shape
The Shape's picture

Hey Tyler just read your rig count post.

How come you said US production was still surging when the graph you posted shows the January decline?

What's worse, every monkey who commented in the post didn't even notice.

Do NOT follow this link or you will be banned from the site!