Bonds, Bitcoin, & Bullion Bid As 'Quarantative Easing' Hopes Send Stocks Soaring

Deaths (and Cases) from the Covid-19 virus exploded higher this week...

And so did global stocks...

As hope for renewed liquidity has maintained stocks...

Source: Bloomberg

Spot The Odd One Out!

And while stocks surged, bonds, commodities, yuan, and cryptos are all ignoring the equity market's "risk-on" panic-bid...

Source: Bloomberg

"It's a mad mad world"...

Chinese stock market indices were all higher on the week but have largely gone nowhere for the last three days...

Source: Bloomberg

European markets were all higher on the week (despite a total bloodbath in economic data)...

Source: Bloomberg

US market were mostly higher with Trannies the laggards and Nasdaq the major winners...

Source: Bloomberg

Today's closing ramp saw machines lift the dow back to its VWAP...

 

 

Source: Bloomberg

Defensive stocks outperformed cyclicals this week...

Source: Bloomberg

Treasury yields tumbled today as the long bond was bid back to green on the week...

Source: Bloomberg

30Y ended the week where it started, not buying the hype from stocks...

Source: Bloomberg

The yield curve is stuck right at the inversion line...

Source: Bloomberg

The dollar was flat on the week (after its biggest weekly rise since Aug 2018 last week)

Source: Bloomberg

Cryptos exploded higher this week...

Source: Bloomberg

Bitcoin holding firm above $10,000...

Source: Bloomberg

And Ethereum surged back above $275 - to its highest in 7 months...

Source: Bloomberg

And while crude surged on the week (OPEC hopes), gold was also safe-haven bid...

Source: Bloomberg

Gold was strong this week...

And while oil was also positive, it is once again struggling at resistance...

 

As global negative-yielding debt resurges once again on virus fears, so the relative attractiveness of gold and crypto are renewed...

Source: Bloomberg

Finally, this is just funny shit...

Source: Bloomberg

And Global shipping data and Dr.Copper both think it's about to hit the fan and is not pricing in any v-shaped recovery anytime soon...

Source: Bloomberg

And for anyone who still thinks China has it all under control!!!