Just 5 Fun-Durr-Mental Charts

With Treasury yields plunging today and oil prices heading back towards cycle lows, is it any wonder stocks are testing record highs once again... these 5 charts should help explain it all...

 

The Santa Claus Rally (in bonds and stocks?)

 

Oil no longer matters...

 

Nor do bonds...

 

No do US Macro fundamentals...

 

What matters is this...

 

 

Charts: Bloomberg

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