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Stocks Soar Most In 13 Months After Worst European Terrorist Attack In Over A Decade

Tyler Durden's picture




 

Quite a week eh? "I don't care... I want to trade size and be a big swinging dick... I'm gonna make it rain!!"

 

A quick summary of the week...

  • Paris Population Down 130 people  - worst European terrorist attack since Madrid (190 people) in 2004
  • S&P Up 3.3% - best week since Bullard Bounce Oct 2014
  • EM Stocks Up 4.5% - best week in 2 months
  • Gold Down 0.4% - 5th weekly drop in a row, lowest since Oct 09
  • Silver Down 0.7% - 5th weekly drop in a row, lowest since July 09
  • Crude Down 0.5% - 5th drop in last 6 weeks, lowest since August
  • Copper Down 5.3% - worst week sicne Dec 2014, down 6 weeks in a row to lowest since April 2009

*  *  *

Let's start with stocks... From worst week of the year last week to best week since October 2014's Bullard Bounce...

 

Futures show the real exuberance though... Sunday night's open marked the low after 100-plus people had been killed, and Paris was under martial law...Nasdaq +5% off Sunday night lows!!

 

Which roundtripped stocks perfectly to the October Payrolls print...

 

*  *  *

The Devil's in the Divergences...

Bonds and stocks...

 

Credit and stocks...

Trannies and oil...

 

Credit and equity risk... (note the roll)

 

Credit (cash) and equity risk...

 

Stocks and the yield curve...

 

And finally FX carry and stocks...

 

A few individual stocks mattered today...

Chipotle poisoned some folks...

 

Hope is high that Valeant is fixed (thanks to a Citi debt upgrade)

 

And then there's Netflix!!! Up almost 20% this week!!!! An $8.6bn rise in market cap in one week... the most ever.

 

Tresury yields were extremely mixed - following FOMC Minutes - with 2Y up 8bps and 30Y -3bps on the week... 2Y highest weekly close since April 2010, 30Y yields lower for 2 straight weeks first time since August...

 

For the biggest flattening in 4 months - 2s30s fell 12bps this week - almost to 7 month flats...

 

Credit markets have now fallen 14 days in a row...

 

The USDollar gained on the week - Draghi's whatever it takes today trumping odd post-FOMC weakness yesterday in the USD - AUD shot up this week...

 

Commodities were all lower this week - as The USD gained - but copper was really ugly...

 

Copper Carnage...

 

 

Charts: Bloomberg

Bonus Chart: Retail Deja Vu...

 

Bonus Bonus Chart: Ponzinormous...

 

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Fri, 11/20/2015 - 17:05 | 6819230 arbwhore
arbwhore's picture

Gold and silver CoTs where fabulous. Volumes rising and specs crushed.

Fri, 11/20/2015 - 17:07 | 6819242 Money Counterfeiter
Money Counterfeiter's picture

Some crazy or brave ass MF'ers out there.

Fri, 11/20/2015 - 17:17 | 6819284 Tarzan
Tarzan's picture

Because all melt downs

are preceded by

a melt up

Fri, 11/20/2015 - 17:34 | 6819373 Bay of Pigs
Bay of Pigs's picture

MOAM?

(Mother Of All Meltups)

Fri, 11/20/2015 - 17:41 | 6819406 Soul Glow
Soul Glow's picture

aka Janet

Fri, 11/20/2015 - 18:21 | 6819515 cheech_wizard
cheech_wizard's picture

Perhaps she got a push-up bra.

Fri, 11/20/2015 - 18:30 | 6819534 TBT or not TBT
TBT or not TBT's picture

ISIS is a Goldman Sachs/Fed patsy?   /tinfoil hat mode.  

Fri, 11/20/2015 - 19:26 | 6819693 nickels
nickels's picture

Hit them where they live. ISIS.Corp shorted the market going into the Paris attack, expecting to make big bucks on the ensuing market collapse. Oops. It used to be that if you created the news, you knew how to bet. Whatever brain-in-a-jar is running this thing decided to pull up on the stick this time.

Sat, 11/21/2015 - 00:41 | 6820426 NidStyles
NidStyles's picture

It's almost like the Jews are the only ones buying these days. Making themselves rich with fake money....

Fri, 11/20/2015 - 17:09 | 6819244 Ruffmuff
Ruffmuff's picture

Why should the market give a shit about  terror attacks.  Are there terror indicators we don't have on our trade platforms?

Fear is shit in trading and in capital markets.  

Fri, 11/20/2015 - 17:30 | 6819352 hobopants
hobopants's picture

All Markets are now the common stock of central bank printing Inc. Just sell your soul and btfd.

Fri, 11/20/2015 - 18:16 | 6819499 inhibi
inhibi's picture

Short answer: hope of war

 

Long answer: (wallstreet hopes:) military spending budget explodes, trickles down economy (at least for the milit-indust co.'s). More weapons, more security measures, more rockets ordered, more fuel ordered, drones, etc. Essentially the machines of war get primed.

 

At least that what the idiots on wallstreet are assuming, probably correctly, but who the fuck cares? When jobs, manufacturing, retail, and shipping is doing horribly and no one has any money to buy all the Chinese made shit, I really dont believe that the hope of war will do much in the long run.

 

Once again, this is why I dont day trade. Too stressful.  

Sat, 11/21/2015 - 08:05 | 6820768 TruthHunter
TruthHunter's picture

"Short answer: hope of war"

Exactly

What no Moar Woar of first page?

Fri, 11/20/2015 - 17:12 | 6819256 BullyBearish
BullyBearish's picture

How long till we hear, "Just lost the FOMC highs"...

Fri, 11/20/2015 - 18:26 | 6819523 inhibi
inhibi's picture

Gold...

You cant eat it.

And the bankers cant make money off of it as fast as they can in the casino.

Strong dollar/deflationary outlook pushing most into cash.

Gold's kinda living in no mans land atm. No one really wants it.

 

Not a bad time to buy, but everyone is kinda tepid these days about just how much has the market inflated the price of everything.

The big bets are on the reset: when, and by how much.

Fri, 11/20/2015 - 18:42 | 6819577 WhackoWarner
WhackoWarner's picture

Think gold will get a bounce and the go down, way down the lazy river.  WAY down. Act accordingly (as in I am building cash to buy at a lower bottom before all the wheels fall off this bus.)

Fri, 11/20/2015 - 17:06 | 6819235 HedgeAccordingly
HedgeAccordingly's picture

T-yields smelling ECB QE... meow

Fri, 11/20/2015 - 17:10 | 6819251 RopeADope
RopeADope's picture

VIX had it's neck snapped by all of the manipulated quotes submitted at key index levels during the first 4 days of the week.

Fri, 11/20/2015 - 17:12 | 6819259 RawPawg
RawPawg's picture

going back to the sheeple herd is starting to look appealing again...\snark

Fri, 11/20/2015 - 17:13 | 6819260 Thisisbullishright
Thisisbullishright's picture

 As we all know...

EVERYTHING is AWESOME!!

 

Fri, 11/20/2015 - 17:13 | 6819265 rejected
rejected's picture

Those that are smiling now will be crying later. The policies of those PhD's are making a mockery of money and the economy,,, and fools out of us.

Fri, 11/20/2015 - 17:26 | 6819334 FreeShitter
FreeShitter's picture

Someone little has to hold the bag......

Fri, 11/20/2015 - 17:46 | 6819419 847328_3527
847328_3527's picture

I'm seeing moar strength in Camel futures also. GFP [Genuine Fake Passports on the Turkish OTC] is looking like a solid long term buy too.

Fri, 11/20/2015 - 17:14 | 6819267 Yen Cross
Yen Cross's picture

  I'm thinking the strength in the Aussie was tied to the weaker euro, through the eur/aud cross.

  There has also been decent demand in Aussie bonds, probably supported to some extent from the short end of the U.S. treasury note selloff in front of the fed.

  The emerging markets are hanging on a cliff.

Fri, 11/20/2015 - 17:18 | 6819291 debtor of last ...
debtor of last resort's picture

That goes for you too yc.

Fri, 11/20/2015 - 20:13 | 6819322 Yen Cross
Yen Cross's picture

  I'll bet you're the BAC analyst that wrote this little[caugh*caugh*] gem.

 These Are The Year-End Pain Trades | Zero Hedge

Fri, 11/20/2015 - 17:20 | 6819293 Squid Viscous
Squid Viscous's picture

full retard, unless they make you shit your pants then sell, sell sell!

Fri, 11/20/2015 - 17:20 | 6819299 Whalley World
Whalley World's picture

Moar Soar

Fri, 11/20/2015 - 17:22 | 6819312 dynomutt
dynomutt's picture

Long Rockheed and Harriburton

Fri, 11/20/2015 - 17:27 | 6819339 loregnum
loregnum's picture

Why should a whopping 127 being killed cause the markets to go down or have any affect on them at all? I realize back before the markets became broken in their current state that these "terrorist attacks" did have a negative impact but that just showed they were broken in a different way.

127 people died out of a world population of over 7 billion...time for a market crash!!

On another note, why does ZH keep going on and on about this drama? Every third entry seems to be "terrorist" related. Sheesh.

Fri, 11/20/2015 - 17:48 | 6819416 back to basics
back to basics's picture

It's not that you idiot, the whole of Europe stayed away from.....spending at retail all week, and that's something I suspect will stay that way for a while, that's why. I mean what would inspire a frugal German more to go spend and boost corporate earnings than army in the streets of Berlin. 

Why do you think George W was telling Amercians to go to a mall right after 9/11?

Grow up. 

Fri, 11/20/2015 - 17:47 | 6819418 Bay of Pigs
Bay of Pigs's picture

So you don't understand how these geopolitical issues are tied into the financial and economic false narrative and endless propaganda being put forward?

Okay, got it.

Fri, 11/20/2015 - 17:27 | 6819340 CHoward
CHoward's picture

The entire would is going up in flames and yet - ye olde Stock Market is doing marvelous things.  I'm beyond being surprised.

Fri, 11/20/2015 - 17:38 | 6819341 wizteknet
wizteknet's picture

Decided to run for Mayor of Pasadena, Texas Vote Steven Babyar! He's coming... Vote not till May 2016 get the word out! hook me up homies!!!!!! FANTASY OR NOT WITH HOLLIE nOT

Fri, 11/20/2015 - 17:28 | 6819351 Soul Glow
Soul Glow's picture

Janet loves to day trade.  That is all.

Fri, 11/20/2015 - 17:29 | 6819353 Seasmoke
Seasmoke's picture

Dow 100,000. We have Billions more that can be killed for Wall Street.

Fri, 11/20/2015 - 19:58 | 6819364 Seal
Seal's picture

It's protecting the 'Homeland' 

Fri, 11/20/2015 - 17:34 | 6819376 Bopper09
Bopper09's picture

Any quick answer on why the USD JPY has any credible relevance?  I've never really followed that.  I'm asking because yesterday I figured I'd open a fucking forex account.  Just for the fuck of it for little to no money.  I still rely on physical.

Fri, 11/20/2015 - 17:41 | 6819399 Baby Eating Dingo22
Baby Eating Dingo22's picture

What else did you expect?

NFLX is doing an original series on people getting slaughtered by terrorists using tainted burritos

IT"S A BLOCKBUSTER I TELL YA!

 

Fri, 11/20/2015 - 17:41 | 6819400 adr
adr's picture

Why is Netfilx up 20%?

Oh, Skeletor bought shares. No real business reason.

FUCKING DIE ALREADY YOU FUCKING SHITBAG!!!!!!

I'll buy a $1000 bottle of Scotch the day Soros finally dies.

Fri, 11/20/2015 - 17:41 | 6819404 Liquid Courage
Liquid Courage's picture

"What A Wonderful World"

I see splattered brains,
Red blood too,
I see them die,
‘Stead of me and you.
And I think to myself,
What a wonderful world.

I see skies of blue,
Where gun ships fight,
The bright flashes bloom,
Both day and night,
And I think to myself,
What a wonderful world.

The colors of death,
So dark in the sky,
The terror on the faces,
Of people running by,
I see survivors shaking hands,
Saying I didn’t die,
They’re really saying,
Why, Lord, why?

I hear mothers wail,
As their babies die,
They’ll never learn,
They’ll never know why,
And I think to myself,
What a wonderful world.

I see blood, I see gore,
On my Tee Vee,
While the Stock Markets soar,
To the one per cent’s glee.
And I think to myself,
What a wonderful world.

Yes I think to myself,
What a sick fucking world.

Oh yeah.

 

Have a great weekend, folks!

Fri, 11/20/2015 - 17:49 | 6819425 astoriajoe
astoriajoe's picture

I reckon this image will be of great use to the Tylers in the weeks and months to come. 

http://www.lifedaily.com/the-21-creepiest-photos-ever-taken/22/

Fri, 11/20/2015 - 18:57 | 6819607 JustAboutThatAc...
JustAboutThatActionBoss's picture

Great pic.  It makes me thi k they are saying 

I NEED MOAR QE PLEASE!

or

HEY JANET...YOU JUST RAISED RATES...BAAAA.

Fri, 11/20/2015 - 17:54 | 6819434 Raymond_K._Hessel
Raymond_K._Hessel's picture

Curious that these attacks and the Hebdo ones came after french votes on Palestine Israel didnt like.

https://www.rt.com/news/208187-israel-france-grave-mistake/

http://www.timesofisrael.com/france-preparing-draft-for-un-resoluton-on-...

bibi loves this 'homeland' angle but leaves out that his daddy changed the name from Polish - where his family lived for many hundreds of years.

Anyway the Palestine votes were surely unrelated coincidences. Like Malaysia losing 2 planes in the months after its human rights trial finding Israel guilty of war crimes.

its also rather strange that not long after Charlie Hebdo and a reminder how important free speech is, the French high court reminded us all that criticism of anyone and everything is fine, unless its about Israel

https://theintercept.com/2015/10/27/criminalization-of-anti-israel-activ...

Well its not as though a tiny group in France perpetually makes that government bend the knee, at least.

http://youtu.be/zX4lH3-E1Y4

Stocks are safer than banks, anyway.

Fri, 11/20/2015 - 18:04 | 6819464 Good bi bull
Good bi bull's picture

But Israel are not the hidden hand. The Jesuits are. Everyone knows this.

Fri, 11/20/2015 - 19:46 | 6819749 Raymond_K._Hessel
Raymond_K._Hessel's picture

All of them are just errand boys for the space lizards.

http://zioncrimefactory.com/2013/11/09/are-jews-propagating-anti-jesuit-...

Fri, 11/20/2015 - 18:37 | 6819443 falak pema
falak pema's picture

What is significant in this ramp up of  world jihad vs western civilization game is the speed at which it is unravelling.

One week after Paris,now Bamako; a major staging point of french Sahel resistance against Al-Qaeda in Africa. Modern Man's African version of 7th cavalry stand at Little Big Horn of General Custer's fame againt the indigenous barbarian.

27 dead in Bamako,  in reply to PAris botched second terrorist attack by ISIS. But, now in the Sahel, unlike in Syria, it looks like ISIS and Al-Qaeda are on same page !

And Hollande of France now has to pick up the guantlet in Mali !

But the french have now clearly stated : THIS IS A LONG RANGE WAR. We will not lose to terrorism.

How do you achieve that when you have created in Françafrique the nebulous of corrupt governance over 40 years?

Winning the past economic war by pilfering  oil, all the while being an economic hitman by debasing the CFA local surrogate currency that impoverishes the people of local economy,  is not the way to get Africa to enter the pearly gates of modernity.

Those who fight against the rabid Jihad rage of the destitute, are all corrupt surrogates of the French cum British cum American neo-colonial combine presence in DORMANT AFRICA, land of the naive and gullible; to ensure Western corporates can continue to economically rape the African people of their resources, in collusion with the local surrogate PTB !

Some conundrum when CIVILIZATION is the problem based on past performance, not the solution. So the Jihadists really are Charybdis to West's Scylla as far as the African people are concerned, as there is not the slightest drop of SEMEN of trickle down fertility from the proverbial corn of abundance of Uber man's modern wizardry of TPTB.

The West is NOT Harry Potter working to solve Africa's problems for common man.

Fri, 11/20/2015 - 19:43 | 6819744 Raymond_K._Hessel
Raymond_K._Hessel's picture

http://original.antiwar.com/dan_sanchez/2015/09/21/remaking-the-world-in...

Bernard Lewis and friends are working hard on that clash of civilizations- dont you worry.

http://www.historycommons.org/context.jsp?item=complete_timeline_of_the_...

Those who can make you believe absurdities
Can make you commit atrocities

Fri, 11/20/2015 - 18:00 | 6819452 moratar
moratar's picture

thanx god we had this attack in paris so stocks could go up!

Fri, 11/20/2015 - 18:01 | 6819456 Permanentvacae
Permanentvacae's picture

Market looked weird last few days. Seems like suckering in of last remaining retail investors. Volume and price behaviors not adding up. Dji behavior very strange. Looked like a good day yet really nothing but distribution all day and slowly. No price progress from open to close but crazy volume. And this announcement from font Monday. I think something is up

Fri, 11/20/2015 - 18:22 | 6819516 RopeADope
RopeADope's picture

Retail is not being suckered in, this is why the market looks weird.

Fri, 11/20/2015 - 18:03 | 6819460 assistedliving
assistedliving's picture

has anyone heard from Chanos?

Fri, 11/20/2015 - 18:08 | 6819476 assistedliving
assistedliving's picture
BDIY:IND

 

 
 
504.00 PREVIOUS CLOSE 519.00 52WK RANGE 504.00 - 1,332.00 1 YR RETURN -62.16% YTD RETURN -35.55% Baltic is always wrong.  mindblowing actually

Fri, 11/20/2015 - 18:10 | 6819487 Bunga Bunga
Bunga Bunga's picture

Even the airlines are up, terrorism must be really bullish.

Fri, 11/20/2015 - 18:12 | 6819493 Inthemix96
Inthemix96's picture

Its a fucking good job that at times like this Benny Hill, and his friends are on hand.

https://www.youtube.com/watch?v=MK6TXMsvgQg

Cunts

:-)

Fri, 11/20/2015 - 18:19 | 6819509 El Hosel
El Hosel's picture

Wankers wanking what they wank best. Wank those stocks at a medium pace, no matter what. Wank until it hurts, wank some more.

Fri, 11/20/2015 - 18:32 | 6819544 Reichstag Fire Dept.
Reichstag Fire Dept.'s picture

I only trade when I'm drunk and angry now...I hear JPM is taking ISIS public with a US$10 trillion IPO so they can get WWIII started...I guess they're tired of waiting?

How do I hedge the unknown against the unquantifyable??

Fri, 11/20/2015 - 18:43 | 6819579 22winmag
22winmag's picture

A rogue unicorn projectile vomiting skittles right on schedule.

Fri, 11/20/2015 - 18:53 | 6819599 Lumberjack
Lumberjack's picture

ZH asks another great question and approaches subjects that no one else will...

Fri, 11/20/2015 - 18:57 | 6819608 mass1q
mass1q's picture

The military complex is drinking to the new businesses to come

War = big money for the banksters

Fri, 11/20/2015 - 18:59 | 6819614 Lea
Lea's picture

Scavengers love corpses.

Fri, 11/20/2015 - 20:05 | 6819791 Jack Oliver
Jack Oliver's picture

The market loves a bit of manufactured terrorism !

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