"Buying Panic" Lifts Stocks Green Post-QE Amid Gold's Best Week Since Oct 2011

Despite massive volatility and turmoil this week, today's bounce in crude and stocks is all anyone remembers... so!

 

But - in reality - it was total chaos...

  • Silver - best week since Aug 2013
  • Gold - best week since Oct 2011
  • WTI Crude - first positive week in last 8 weeks
  • S&P 500 - worst week in last 5 weeks
  • VIX - Highest weekly close since Dec 2012
  • Treasury Yields - 3rd weekly drop in a row to new record for 30Y
  • EURUSD - worst week since Jul 2012
  • CHFUSD - best week ever ever ever

Year-to-date... Silver and Gold the leaders (followed by bonds) with Stocks and Oil the laggards...

 

The week in stocks...

 

And an almost perfect roundtrip from yesterday's open...

 

And today's exuberant-fest thanks to fun-durr-mentals

 

Total buyingh panic rampfest today just managed to get stocks green post-QE...

 

Homebuilders were the week's biggest loser, Energy rebounded on oil price's dead cat bounce (despite Energy credit's record high closing spread at 1058bps)

 

Just as an FYI - the manipulation and tinkering is becoming so obvious and widespread as the following chart shows - average trade size of S&P 500 e-minis is now at a record low 2.7 contracts!!!! All machines all the time....

Treasury yields plunged on the week but today saw some bounce...

 

HY Credit notably decoupled from stocks early on but as the rampfest started so HY pulled higher too....

 

The USD closed the week notably higher to new 12 year highs - for the 5th week in a row...

 

CHF was up 15.25% on the week against the USD)

 

Despite the USD strength, gold and silver surged and oil levitated back to green for the first positive week in the last 8... (copper recovered its China crash)

 

Oil's bounce lifted energy stocks - AGAIN!! - but once again. it decoupled from credit

 

Charts: Bloomberg