S&P 500 Tops 2,100 - What Happens Next?

Tyler Durden's picture

Following the disappointment of Doha, US equities have soared off the dip with The Dow topping the all-important 18,000 level and now S&P back above 2,100...


All the while, earnings are collapsing.


Looks fine to us, right? What could go wrong?

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slaughterer's picture

Full on algo attack going upward to raid the stops above 2100.  

thesonandheir's picture

S&P@2200 by Prezidenshul Decree.


All hail the Golfer In Chief!

MillionDollarBonus_'s picture

Is anyone really surprised by this? The raw, hard data supports higher equity prices. Positive NFP reports, a booming service sector, low inflation and low interest rates. This all indicates that aggregate demand is flowing, but more importantly that our Federal Reserve's strategy is working. If more stimulus is required, our monetary officials are willing to do what is necessary to sustain growth. The rest of the data is just noise - these are the important factors underlying the economy, and as long as these hold we are going to see higher equity prices. Simple as that.


bada boom's picture

Sounds like to me, we better raise rates quick, things are heating up fast. How about a rate hike next week?

PlayMoney's picture

No bada boom, with things this good we need 2 rate hikes....in the same day.

thepigman's picture

Everybody get on the Million Dollar Bonus train right now!!!! Skies the limit. I think we're going all the way to SPX 2116!!!!

Get on board. I will pay any price for stocks....Ya hear me?  ANY PRICE!!!! Outta my way!!!

bobsmith5's picture

Now, here is a good question.  Who are the 7 people who up voted the MDB comment above?  It has to be one of his most psychotic post.  A condensation of everything that puts MDB completely out of touch with reality economically.  God help us if there are that many insane people walking among us.  Sadly, I am afraid there is and many more.

RealityCheque's picture

Mediocre effort. 5.5/10

Come on MDB, you can do better than this. Where's that heavyweight troll we all know and love?

Maybe you need to see your dermatologist again? If you can get that rash under control then you'll be able to relax, stop itching and think straight. Then you might get your powers back?

Consuelo's picture

It all went downhill when he dumped the flag banner in favor of king $Dolla...



Jtrillian's picture

This warrants a response. 

Where exactly is your increase in aggregate demand (beyond central banks buying everything?)

Is it in retail sales?
Is it in auto sales?
Is it in wholesale sales or inventories?
Is it in cheap oil? 

The only place where there is legitamite demand is in precious metals and that is obvios if you look at the physical to paper ratio over time. 

Your belief in aggregate demand means you have drunk the kool aid.  There are no facts to back such claims. 

Occams_Razor_Trader's picture

If only it was- he believes this shit.

Occams_Razor_Trader's picture

Stock buybacks with easy money can mimic demand!

maskone909's picture

Market crashes thursday when the fed balancesheet numbers come out. Well, if they are reducing anyways

ANestIOS's picture

mission accomplished - now for 1920

Stox's picture

The cleanest dirty shirt

Kido's picture

ATH here we go

Stox's picture

Big cap tech ain't buying it, and not just NFLX.  Canary?  Or sector rotation to industrials and financials?

pedro314's picture

Earnings...what are those...

The Duke of New York A No.1's picture

Buy High ... and hope someone buys ever higher?.

DaMule's picture

The moves on energy stocks are mind boggling. Hess should be going down the tubes yet it is up 70% in a couple months and this after they did a secondary which should have made the shares decline?

slaughterer's picture

No more black swans, no more tail risk, we are in the land of milk and honey now!

espirit's picture

OT -

I feel much better knowing that my iThingy has the best encryption.


<Oh Wait>


Id fight Gandhi's picture

Must be that emergency fed meeting. They probably just planned how to rig it more. Complete disconnect from reality and fundamentals.

gsh1976's picture

Also the Yellen meeting with Obama and Biden the next day.  

TradingIsLifeBrah's picture
TradingIsLifeBrah (not verified) Apr 19, 2016 9:06 AM

Next up is a push past all time highs to rip the face off of the last shorts in the market.  Expect the market to begin topping out over the next 2 weeks and we will soon be in a rollover as people realize that a Rate Hike is on the way.  Summer '16!

FreeShitter's picture

Go all in now or be locked out forever....haha

TradingIsLifeBrah's picture
TradingIsLifeBrah (not verified) FreeShitter Apr 19, 2016 9:13 AM

Interesting how the market pushes higher and higher yet treasuries are still being held so closely. It used to be that when the market rallied treasuries would be very low like VIX but it's a whole new world

khakuda's picture

Market acts like Yellen is ready to punt on further rate increases and announce QE4 to prove she is even crazier than her predecessors.  "You call that a bubble?  I'll show you a bubble!"

herkomilchen's picture

Yeah, last night Rosengren says "investor outlooks for Fed rate hikes are too pessimistic," and markets buy as if NIRP and QE4 were announced. Nuts.

Seasmoke's picture

2,500 happens next, silly.

Vlad the Inhaler's picture

The half of the Fed board members that actually take their job seriously and worry about inflation might have some hawkish jawboning on tap.

HalEPeno's picture

Right.  Earnings are collapsing BUT they are beating estimates.  Why the F__k don't they just make estimates 0 and guarantee a beat everytime.  Push the indices to infinity.  

NDXTrader's picture

Buying in anticipation of a negative GDP print. Everyone is acting like they already cut rates back to zero

Ouagadoudou's picture

Dont miss cnbc when the SP gets to 2134

south40_dreams's picture

We are entering the "greater fool" zone

Two Theives and a Liar's picture

Remember...all time highs in Zimbabwe's "markets"?...meanwhile the local denizens were panning for gold to buy eggs!


herkomilchen's picture

Stocks are among the first assets bought with printed money.  Thus their prices more than anything else reflect inflated bubble prices. 

Currently money supply expansion is about 8%/year.  Accordingly stock prices rise about 8%/year, approximately 150-200 S&P points, just to stay even in valuation.

Infield_Fly's picture
Infield_Fly (not verified) Apr 19, 2016 9:27 AM

wake me up when GDP goes negative and SPX is at an ATH - we call this Orville Redenbacher time

Spungo's picture

I should probably sell my shares of Teck Resources. It's nice to cash out on my 30% profit because the crash has only begun. Actually, it began crashing in 2011, but it's still accelerating.

venturen's picture

Hillary arrested market goes to 2500, The BIG ONE EARTHQUAKE 3000, oil goes to $200/barrel 4000, negative 10% Interest Rates 4500, Bernie Sander Nationalizes all banks S&P 5000...Nothing will stop us now!!!



brada1013567's picture

In a world where nothing matters...

Ghost of Porky's picture

Nothing bad will ever happen again.


RealistDuJour's picture

I will give credit where credit is due.  Zero did post a month ago an article that things were really going to surge up or surge down.  Now that we've seen that things have definitely shifted up and variables seem even more dovish... I think what happens next is pretty obvious.

I recall another article here just a couple of days ago saying don't be shocked by another jump up.  That article certainly got the flame response from the skewed demographic here.  But don't be a 2009 Zeroite, remember that what goes down must go up as well.

buzzsaw99's picture

now go home and get your fucking shine box.

The Duke of New York A No.1's picture

"and Baby needs a new pair of shoes"