Sometimes you just have to sit back, gaze at some charts, and say WTF...
1. The Dow Transportation Index rallied from Q4 in 2012 and peaked on 3/19; it did the same in 2013...
[6]
2. The Dow Transportation Index is diverging in 2013, just as it did in 2012...
[7]
3. Ten-Year Treasury yields have followed the same pattern each year since the crisis started - a modest correction full of hope that the recovery and growth is here followed by a collapse in yields...
[8]
4. The S&P 500 is tracking almost remarkably tight to 2012's... perfectly normal efficient markets would do this, right?
[9]
5. And 2012-13's US Macro data has traced a very similar pattern to 2011-12's with the latest little hope spur seeming to fade very rapidly now...
[10]
6. High Yield credit markets appear to be yelling the same warnings they did in 2011 and 2012...
[11]
7. Homebuilders have been the backbone of this recovery as a new bubble in housing is blown... which looks remarkably like the last one...
[12]
8. The omnipotent stock of the recovery - AAPL - appears to be tracing the same path of the omnipotent stock of the late 90s - MSFT...
[13]
9. The Nikkei 225 has been on a tear. We've seen this kind of hopefulness before... didn't end so well...
[14]
10. The recovery from the S&P 500's 2009 lows looks intriguingly similar to the recovery off the 2003 lows... it's different this time though
[15]
11. The Dow's 1930 crash and recovery appears to provide a rather similar 'template' for 2009-2013's crash and recovery...
[16]
And of course...
12. Bitcoin in all its glory...
[17]
Charts: Bloomberg and BitCoinCharts