China growth slashed, more epically dismal US data, lack of clarity from Draghi, slumping oil prices, dropping yields, surging USD... now if that isn't a recipe for buying US equities at record highs, we don't know what is...
Stocks close unchanged from ECB...
[7]
And on the day only Trannies closed red (even as oil tumbled) thanks to an aftenoon push higher...
On the week, things are mixed - earlier in the day everything was red but the ubiquitous v-shaped recovery dragged high beta into the green... The S&P and Trannies remain red on the week and Dow closed unch...
[8]
VIX pushed back down towards 14.. because what do you do before a jobs print that basically assures a June rate hike OR NOT...
Across the sectors this week... Biotech sdriving heaklthcare to highs, and financials excited ahead of the stress tests...
[9]
as Financials tocks remain much more excited than credit...
[10]
As Draghi spoke so global bond yields compressed and the Treasury complex followed suit, having shrugged off the rate-lock weight from the Actavis deal earlier in the week...
[11]
The weakness in the EUR (1.09 handle against the USD at 12 year lows) sent the USD Index soaring to fresh highs, now up over 1% on the week...
[12]
Swiss Franc has been monkey-hammered this week...
[13]
Commodities were generally flat - despite the surge in the USD... apart from Crude...
[14]
As Crude finally woke up to what China did last night... or just algos...
[15]
Charts: Bloomberg