Stocks Surge To Moar Record Highs But Taylor Chatter Spooks Bonds, Dollar, & Gold

Tyler Durden's picture

Another day, another record high...

 

To begin - 'Murica, fuck yeah!!

 

North Korea headlines and 'John Taylor For Fed Head' headlines prompted some turmoil in FX markets, bond markets, and commodity markets... but stocks didn't even blink...

 

Trannies were worst with Small Caps clinging to unch but GS, AAPL, JPM, and TRV accounted for 100% of the points gains in The Dow...

 

The machines really wanted Dow 23,000 amid a very chaotic day in VIX land today...

 

Small Caps continue to tread water... (1509, 1511, 1508, 1512, 1510, 1504, 1508, 1507, 1505, 1503, 1502) even as earnings expectations tumble...

 

Bank stocks soared today - loving the collapse in the yield curve...

 

Healthcare stock were hit again on Trump's "Getting away with murder" comments...

 

Treasury yields rose on the day but notably bear flattened with the front-end drastically underperforming...

 

The Dollar Index rallied on the day led by AUD and CAD weakness (odd on a strong commodity day) and cable tumbled on May's comments...

 

WTI Crude (and Brent) surged overnight to 2-week highs on Iraq 'invasion' headlines but WTI was unable to hold above $52...

 

Gold's bounce after CPI last week - extending its post-Golden-Week gains - stalled today after John Taylor headlines...

 

Copper made headlines - hitting a 3 year high, surging after China's Golden Week holiday ended and ahead of this week's National Congress to prove everything is awesome in the red ponzi...

Which as we noted earlier - raises the question - is copper overdone or do 10Y Yields need to explode 75bps higher...

 

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
jamesmmu's picture
David Morgan: Housing Industry Is Where We Get Out Of A Recession And We’re Not Doing It Now. Stock Market Looks Great But Not So Much In The Real World.

http://investmentwatchblog.com/david-morgan-housing-industry-is-where-we...

Stuck on Zero's picture

Things have changed in the last twenty years: what was bad is now good. What was immoral is now moral. What was the truth is now hurtful. What was prudence is now bad policy. That which was wrong is now policy. What could go wrong?

Kaiser Sousa's picture

Completely blatant MoneyChanger bullshit...

Thanks 4 another discount in "The Money of Kings" you BITCH ass Khazars...

DEATH TO THE MONEYCHANGERS.

D.r. Funk's picture

The spelling out of dow component coincidental buying was classic.

and deadon

 

D.r. Funk's picture

I started saying it looked like they had dow component control in 13. it's in my writings.

Keltner Channel Surf's picture

So, you think the best way to ‘prove’ manipulation of a price-weighted index is when the higher priced stocks perform better, shows they’re being targeted by ‘tptb’?  With that logic, the only way to exonerate ‘tptb’ (which must stand for “Those Poised To Buy”) from ‘manipulation’ would be if every single Dow stock, regardless of price, went up EXACTLY the same % every day, then …  oh, ah, wait a minute …

Henceforth, your handle shall be changed to “Tommy Tautology”

D.r. Funk's picture

CANNOT

believe

we have non-stock conspiracy people here.

Kaiser was listing 'anomolous' dow component closes/closeramps 2 years ago

I stated they had hooked up the dow30 about 4 years ago.

observational logic / psychological logic was described able to be seen by a kindergartener.... 3+ years ago.....

#complete  #moron

Keltner Channel Surf's picture

Ah, you’ve unwittingly told us your age (and confirmed what I suspected):  taking “I stated . . . about 4 years ago “ plus “able to be seen by a kindergartener 3+ years ago” indicates you first wrote on this topic in pre-school, later observed it while in kindergarten, and are now ~8 years old.  That seems about right …

You prove that the main perquisites to conspiracy are a lack of knowledge, unbiased observational powers and true curiosity to learn.  That is, you would if you were serious – remember, we’ve already concluded you’re merely trolling the ZH conspiracy/bear stereotype, and rather poorly.  (But I'll play along for the fun of it.)

The Dow hasn’t been remotely important for 15+ years, about the time retail stopped dabbling in individual names and started passively dribbling into 401(k)s.  The notion that a vast DJIA conspiracy requiring daily ‘green’ closes for ‘sheeple’ watching the evening news to keep the ‘ponzi’ going is ludicrous.  Retail is no longer of paramount importance, and the crucial element, buy-side pensions, some at a $trillion or more, allocate more based on the 10-year yield than anything else.  So, as long as the Fed dawdles, they won’t sell, and the silly conspiracies continue . . . 

Still, not all 8-yr-olds could figure out that pensions buying stocks causes them to go up in price, and that high institutional ownership means splitting shares to encourage retail participation isn’t needed, and high-price stock-buying makes price-weighted indices go up.  In that regard, you’re well ahead of your age bracket …

BlueHorseShoeLovesDT's picture

I am old enough and have been around long enough to remember the XMI futures at the CBOT or as it was known, the Missle, 20 stocks enough to have a high correlation to the Dow, because Dow Jones refused to license the DJIA for a futures contract. It was trading during the 87 crash when I was on the on the floor. The Missle pit was tiny in comparison to the S&P pit at the Merc. The DJIA was only relevant for News Headlines and that was 30 years ago. Sure there is a new wave of DJIA based products but not lot of people trading them.

D.r. Funk's picture

History will show how amazingly absurd your Exhortations,

It essentially reflects how backwards so many things are.

The conspiracy-truthteller guy would be accused of not telling truth or understanding conspiracy.

mindbending. embarrassing. I described you as a cretin. That is a fact. You are. More accurately, a very impish cretin.

Quantum Bunk's picture

Indexes are by denfition, a red herring. Indexes drop the losers and add winners in a way that cannot be done in reality.

Take the actual companies that made up the S and P of 2009 and add them all up. That will show that we are 40% down. Take the buy-backs out of those stocks and we are 20% further down. This shows that the rally was all financial engineering. Not economic growth

Oil, retail and financials have all made new post 2008 lows. Yet the indexes are at records.

I just proved to you taht its all a scam.

D.r. Funk's picture

2.

I don't know how you extrapolate things from what I say and get away with it. (You don't get away with it, but wtf ever) I never said the dow had importance or remote importance. News headline societal perception? social propaganda? manipulation and goading of shorts? What a dimwit

That you're not able to process the notion that machines in the 2010s are capable of executing a 3-green-index order? Are you really that horribly unsophisticated?

The assumptions on my knowledge of basic street level context is bizarre

Keltner Channel Surf's picture

Er .. ah .. maybe it was the fact that you spent two posts on the topic, first kissing Kaiser's hind quarters for discovering dow 'component control', then undercutting him by two years with your published 'writings' (perhaps on an etch-a-sketch?). 

D.r. Funk's picture

In the context of Rate Raising and Balance Sheet Reduction? Everyone is just sitting there buying hand over fist? With patterns in the indexes that are by any inspection, overly uniform overly mechanical overly Structured? HOLY FUCK LOL

Keltner Channel Surf's picture

Ah ... given volumes the past week, during the typical October year-making period, have been running between 50-65% of an already historically muted level, you may want to erase "hand over fist."  Whoops, my reply prevents that, sorry. 

Now I'm starting to think you really are serious, and may have a few minor mental issues (graduate work in clinical psychology, I'm muti-faceted :)). 

Big pensions don't need to buy 'hand over fist' for new highs -- simple weak short-goosing from monthly 401(k) inflows (which haven't slowed down) is enough for MSNBC to celebrate 'record highs.'  I think you'll learn that:  a) Until the buy-side believes the Fed, they won't appreciably sell; and b) when they do, you'll know it

Now, it should be about bedtime for you.

BlueHorseShoeLovesDT's picture

CANNOT BELIEVE ANYONE READS THIS IDIOT’s 50 daily posts.

Keltner Channel Surf's picture

I stated that 4 years ago ... when I went to pick up my nephew from pre-school.

D.r. Funk's picture

Keep making fun. Wasting your time. My writings reflect years ago the accuracy of the post lehman charade. Keep wasting your time if you want.

D.r. Funk's picture

My god

You couldn't look like more of an idiot

Calling me an idiot

The entries are clearly of a sophistication level

Any outside observer

Would characterize. It just makes you look idiotically meagre

BlueHorseShoeLovesDT's picture

I am betting that you are a dumbass college kid who took Econ 101 and Psych 103 and think you know something. I don’t give a shit as I made more than you have altogether in about 10 minutes.

D.r. Funk's picture

Don't give a shit what you've made shithead

You can't stand that you can't beat me in the mental game

I resorted for a few years now fine losing money for the sacrificial -ultimate- win

 

Kiss my ass sheep-fuck Make all you want in the final chapter of american greed

Rainman's picture

" everything is awesome in the red ponzi " ...Dow 30k !!!

D.r. Funk's picture

These fucken doofus comments should have been drowned out a couple years ago. really? still the moron who chimes in with a nondescript high dow number? just because?

Blue Snowflake's picture

ZH is an echo chamber. Get over it.

D.r. Funk's picture

Not getting over anything. This page deserves to be higher level. Say whatever but I get to say whatever also

HowardBeale's picture

Nasdaq 6666 is what everyone is waiting for; that will be the end of this insanity...

Fundies's picture

Schlongwave are tipping 66666.

Rapelomacy's picture

I just blew out an account today trading Gold. Thanks assholes.

silverserfer's picture

gold is for saving not trading. zero trading fundamentals. Trade shitcoins if you want to get rich quick. 

FreeShitter's picture

Miners and Biotech = manipulated to hell. I learned my lesson the hard way a few years ago..

Rapelomacy's picture

USD/JPY is a total scam. Gold is not a currency but it is manipulated as if it were a currency. I usually only trade $NQ and $SI but felt it was important to have a contract open before we are looking back on $1300 gold as "CHEAP" money. Stack the physical of course.

Keltner Channel Surf's picture

“ShepWave”            from   “Heat Wave”             by Martha & the Vandellas  

Whenever I’m with them, some big insider
Starts this churning, and my options expire
Could it be they’re imperiling me?
Is this the way it’s supposed to be?

Relied on ShepWave, now I’m learning to throw darts
Can’t trust their SPY calls, it’s tearing me apart

Whenever they tout a name, it sinks low toward ‘max pain’
Right then, right there, I feel that burning shame
High margin pressure’s got a hold on me
This is NOT the way it’s supposed to be

Those dorks at ShepWave - I’m burning their charts
Dead sheep’s a crime!      I’m paring my third loss

(Ooo-Ooo-O000hhh …  ShepWave !)

Sometimes SPY gaps into space, tears all over my face
I can't explain it, don't understand it, I ain't never lost like this before
Now that crummy feeling -- call it ‘Shep Malaise’
They told me to short, now my house’s ablaze
Those dorks at ShepWave !

Yeah-yeah, yeah- yeah!   Ooo-Oooh!   ShepWave !

{Backing Vocals}  “Don’t pass up this chance, they’re ex-Goldman sycophants.  ShepWave !”

silverserfer's picture

are you sure that wasnt Steel Panther?

Keltner Channel Surf's picture

Suspect I'm too old to know who you're talking about, the version I remember, unfortunately, was Linda Ronstadt's, when I was a teenager, actually pretty lame in retrospect.  I'd say the original 1965 version was at least 1000 times better.

Keltner Channel Surf's picture

Don't know if I'd go that far, but it seemed an obvious choice for our favorite spammers.

Sad the ManU/Liverpool game was such a dud, but at least the other Manchester team plays with a bit of flair for us neutrals.  Take care.

BlueHorseShoeLovesDT's picture

Hope you had a good day. I just made mine flipping NFLX

Keltner Channel Surf's picture

Nice !  Perhaps 'investors' think the Taylor Rule will lead to more binge-streaming.

Actually had a modestly shitty day, due to 'anticipation', which works with ketchup, but not with catsup or, unfortunately, trading :(

BlueHorseShoeLovesDT's picture

I was bored most of the day when Netflix hit 208 shorted the crap out of it

D.r. Funk's picture

We're wishing eachother good days now??

BlueHorseShoeLovesDT's picture

With that dogshit you trade you will probably never have one

Traderone's picture

I watched the Athletico Madrid and Barcelona game later on, it restored my faith in honest toil and the entertainment value of soccer. Money has ruined the EPL. Regards.

Darkman17's picture

John Taylor “Mr trump i want to raise rates”

Trump “What are you out of your mind you will bankrupt the country and send all markets into a death spiral”

Taylor “ but Mr. trump, my chart i came up with tells us that rates are too accommodating and raising asset prices, so we need to raise rates to cool off the market”

Trump “ah ok, yes i see now, in that case proceed to bankrupt the country, it’s the right thing to do even though it’s not the best political move, so i understand”

Ya, my ass, gold will revert in the next few days above 1300, these people believe it’s really what the fed wants to do vs what they are forced to do.

D.r. Funk's picture

They 'may' be holding the indexes over him.

Someone may have said given an ultimatum, "we can crash it on you if you don't ____" However more likely they're just bubbling it on him (CONTINUING... to raise the mountaintop bubble lol) because over-over-overaggressiveness of the manipulation says a lot. They don't need to be putting the work in to raise it leg after leg unless they were setting up for something, in other words

hotrod's picture

Remember when Zuccaro uttered the words   DOW 30,000 and no one could believe. I realize he said it for 2008 BUT not even 10 years later  25% and DOW 30,000 on the back of the WEAKEST EXPANIONARY PERIOD IN THE HISTORY OF THE USA.

AMAZING,  POWER OF THE PRESS

spastic_colon's picture

100% of todays gains almost........75 points yes

D.r. Funk's picture

So laughably endgame. For any Fed proxy or nwo goons glancing today. You're not fooling some bears/realists/truthtellers. You're just not! We're laughing in your scum faces!

So detectable. Endgame you fucks you got nowhere or not much further to run

wmbz's picture

Just another day after day after day, in the perfectly normal "market" place.

Nothing to see here, all is well.