Record Highs... why the f##k not!!
Before we get started, this...WTF!!
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OK - having got that idiocy off our chest. It is OPEX tomorrow, BATS Options and NYSE Arca broke this morning and volume was terrible... so what more do you expect than this!
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It seems pretty clear that there is only one thing that matters now... keeping The Dow in positive territory for 2015...
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Can central bank buying of ES today push the S&P to record highs?
— zerohedge (@zerohedge) May 14, 2015 [10]
VIX banged back under 13... (it has the 'give the market the finger' pattern to it)
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And the gap open cash markets did not look back..
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On the week, Trannies weak - rest all green again now...
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Bonds & Stocks decoupled today...(or recoupled with the old normal)
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Bonds rallied on the day but Treasury yields majorly diverging on the week - 2Y -2bps, 30Y +16bps!
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Curves are different for now...
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The USDollar retraced its early losses to end the day almost unchanged - USDJPY absolutely dead.
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Crude and copper slipped lower as precious metals boomed once again today...
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Crude closed back below $60...
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But it was gold & Silver that really ripped again
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Wheat soared... its biggest day in almost 6 months...
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Charts: Bloomberg
Bonus Chart: AVP WTF
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Bonus Bonus Chart: SHAK Shook
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