S&P Surges To Longest Record-High Streak In 20 Years As Dollar Spikes

Despite a slump in consumer confidence, stocks just keep on chugging higher...

 

Another Day, Another Record High - S&P up 8 days in a row (longest win streak in 4 years) and 6 record highs in a row (longest streak since 1997) and today was the best day in a month...

VIX traded as low as 9.13 today...

The S&P 500 is now within 50 points of Goldman Sachs' year-end-target... for 2019!

Nasdaq led today (thanks to NFLX) with Trannies lagging... but from 1230ET markets were deadstick ahead of tomorrow's NFP...

 

Netflix raises prices and the stock soars to record highs...

 

Dragging FANGs back near July's record highs...

 

UPS and FDX woke up to AMZN headlines but that was just what the BTFDers wanted...

Exactly as we said it would: "Not surprisingly, FedEx and UPS investors were not thrilled with the encroachment on their business...though we're sure they'll ditch their ephemeral bout of depression and push the stocks to brand new highs by the afternoon.  Just another opportunity to BTFD."

"

 

Notably "high-tax" companies are now significantly underperforming the market since Trump's Tax Plan was unveiled...

 

While Small Caps continue to be bid... someone is loading up on protection...

 

Treasury yields closed higher on the day but remains in a very narrow range this week...

 

The Dollar Index soared today (up most since January to its highest since July), starting early thanks to cable weakness (Theresa May mutiny) and extending on strong US data...

Seems pretty clear who is really running the show with the dollar?

Or maybe it's this?

 

Gold was lower on the day as copper and crude bounced at 8amET...

 

Gold broke below its 100DMA as WTI manage to be rescued off the crucial $50 level...

 

Finally, sine Janet Yellen's first warning in July 2014: "Equity market valuations appear stretched"

  • S&P +29%
  • Nasdaq +53%
  • DOW +33%

Comments

kochevnik jamesmmu Thu, 10/05/2017 - 17:08 Permalink

Of course Zionists printing counterfeit Jew money and buying corporations.  Then they will crash economy after gaining possession of everything in the economy. Dollar will not matter just worthless debt notes to themselves.
All currency denominated financial instruments will be destroyed, like savings and pensions and life insurance. Expect more shooting galleries

In reply to by jamesmmu

Full Court Lug… The_Juggernaut Thu, 10/05/2017 - 16:19 Permalink

...and it'll be the same thing that ends that ends every bubble: you can't buy a penthouse with shares of AAPL. To enjoy the spoils of your winnings, you must SELL, and by definition only a small % of holders can or will sell near the top.This market has made plenty of paper millionaires in stocks. Well, so did the 1999 market, and many of those people lost their millions. Plenty of people were paper real estate multimillionaires in 2007... who lost it all in the next 2 years.The bubble trap is always the same: you feel like a genius watching your paper gains rack up on the way up, but forget that they're all worthless if you fail to stick the landing by selling at the right time. At some point a few too many people get antsy about the further upside (LOL at anyone who remotely imagines earnings justify buy-and-hold at these levels) and decide to take their chips and go home... and that's the end of the bubble. Those people win, everyone else loses.

In reply to by The_Juggernaut

D.r. Funk The_Juggernaut Thu, 10/05/2017 - 16:27 Permalink

More accurately it's a programmed market.over the technical phrasing bull-marketthe linguistics in wall st and cnbc and public level consumption want to, or have wanted to, keep it as a bull, with all the perception and implications that go with it. history will prove it generally a commandeered computer inputted and run time periodi.e. Fake(lol)fake

In reply to by The_Juggernaut

AllStarInvestor Thu, 10/05/2017 - 16:09 Permalink

Russians have broken into the CIA, and NSA for the umpteenth time - here's hoping that NYSE/Arca, BATS, and NASDAQ are safer than government intelligence systems - otherwise everybody's f'ed. This "price action" could be all for fun.

Overleveraged_… Thu, 10/05/2017 - 16:11 Permalink

Another day, another nice payday for myself. Putting all of my savings and weekly income into 3x Long Leveraged S&P 500 is the best decision I have ever made in my lifetime. It's so nice to just go with the flow instead of fighting the trend. Incase nobody has figured it out yet, we will be at 2600 next week, 2750 by Nov 8, and 3000 by Dec 31.Folks its not too late to hop on the winning train. There's still plenty of money to be made. Just take off the bearish shoes and see this market for what it really is. What are we here to do anyway? MAKE MONEY! At least that's why I'm here. The 120+ Billion per month will not stop being injected. The prices of stocks will simply keep going up. They CANT stop printing. If they stop printing the whole country starves because the govt is already broke. We are making up for lost time. Donald Trump is erasing the entire lost generation of lows since 2008. He is fulfilling his promise as the Ultimate Stock Market President.This is now OBVIOUS. If you STILL believe that a "crash" is coming then I simply don't know what else to tell you. You KNOW what the central banks are doing. You KNOW who the President is. You KNOW everything. It's time to just make the switch and get on board.If you want to short the stock market go ahead. I predict MAYBE there will be a slight correction in 2022, summer time.

Overleveraged_… Blue Snowflake Thu, 10/05/2017 - 16:21 Permalink

I'll tell you what friend. I too used to be a bear, infact I was a bear as early as last year. Election night is what finally did me in. It was at that point I realized this is it. Sanity will not reign supreme. As long as indexes are measured in dollars they will simply go up. The good news is that's it not too late. If you can't beat the market, JOIN the market. Even Zero Hedge is running out of articles and charts to justify it. All you need to know is:1) Market will go up as long as banks keep printing2) Banks will not stop printing...The rest is up to you.

In reply to by Blue Snowflake

D.r. Funk FreeShitter Thu, 10/05/2017 - 16:31 Permalink

The power circle tptb would want everyone IN, if the engineered collapse that is always on the table at least as one of the possibilities. This guy represents every possible ounce of that stage or sentiment. Amazing that people here don't challenge it more.Yeah lol one of the signs of the end is when words like OBVIOUS become attached to permanent neverending increase. DUH!

In reply to by FreeShitter

D.r. Funk Overleveraged_… Thu, 10/05/2017 - 16:44 Permalink

"Folks its not too late to hop on the winning train"what a joke. that's every sign of bubble tops"The prices of stocks will simply keep going up"ok Pt barnum"You KNOW who the President is"haha the guy 100% completely against the power structure, in which the power structure will be continuing to try to remove, in which the machines and narrative was FULL BIASED TO THE OTHER PERSON WINNING"go with the flow instead of fighting the trend"uh, 'yeah', because the indexes are programmed and -rigged- along with vix in a way that has only caused the most extreme imbalances in history, so 'just go with the flow of the nefarious element who took control of the us stock market and bubbled it'"the Ultimate Stock Market President."It's Disinfo Folks. shitheads. how are you falling for this. (It was Rigged for Obama for how many years that people sat here saying it's rigged for obama. You're going to fall for the argument that Trump is not the outsider and one of them?)....not a coincidence this guy is showing up in the manner he is at this pointIMO....

In reply to by Overleveraged_…

Keltner Channel Surf D.r. Funk Thu, 10/05/2017 - 16:21 Permalink

Frank Zappa sings (reposted):And so she wandered through the doorwaySaid “US Macro’s still entombed”She said portfolios were her forteAnd that the doves give her more roomWell, I was gonna need new denturesSo I just followed her big betsAgainst the gloomy common-sense-ersPoor bears hung by this cast of FedsShe stripped away my short in Costco Said “don’t be naked anymore”We bought stocks till we were un-conchoAnd then her algos gobbled moreShe had a bull for a pet, and some anisetteShe was squeezing the shorts, and she wasn’t done yetShe had dated Greenspan, stuck Hayek dolls with a pinI said that stocks looked alrightBut I wasn’t “all-in” …(“Is that real anisette, I mean is that Italian Anisette or Wal-Mart Anisette?”)

In reply to by D.r. Funk

Keltner Channel Surf D.r. Funk Thu, 10/05/2017 - 17:10 Permalink

Hint:  constantly 'proving' you're serious only undermines the goal of an ironic ZH stereotype, and shines a harsh light on your poor execution, in this case more of a mono-type.   Go read some Robert Coover, etc., work on your craft, then come back with 1-2 good posts per day.  There's hope for you son ... but not without a total reboot into Safe mode -- you're loading too much into a scant, limited memory cache.  Good luck !

In reply to by D.r. Funk

D.r. Funk Thu, 10/05/2017 - 16:20 Permalink

(repeat: yeah weaponization, as i managed to state a few times the last several months)Hard to argue that it's preposterous, and the replica of conditions are setup and present regardless  I believe, not far fetched to say the stock market has been weaponized, just -- available, for a trigger pinprick