Nasdaq, Bitcoin Surge To Record Highs As China Saves The World

IP surges (thanks to hurricanes), Congress passes a tax bill that has no hope of passing the senate, but a huge Chinese liquidity injection sends stocks soaring and proves...


Seemingly thanks to a Risk Parity rebound...

And a huge China liquidity injection...

“The increase in cash additions will help soothe market sentiment,” said Qin Han, chief fixed-income analyst at Guotai Junan Securities Co.

And indeed it did: US equity markets soared today... (Small Caps and Trannies best, Dow and S&P lagged but up big)


Which sent Nasdaq back to record highs..


VIX was pushed back under 12 but that is well above the 10 handle when stocks last hit these highs... NOTE the weak close in S&P futs (after running stops)...


Stocks decoupled from bonds...


And Stocks decoupled from FX...


And Stocks even decoupled from VIX...


HYG (High yield bond ETF) also surged most in 8 months... NOTE it filled the last two days gaps lower...


Having ripped off its most oversold since March (note the perfect cymmetry with today's move.. and what happens next)


Treasury yields were higher on the day... (with a notable selkloff late in the day)


But until the last 30 mins, the curve had drifted very modestly lower...


The Dollar Index drifted lower on the day - despite the yield, stock gains...


Gold managed very small gains on the day but WTI Crude fell lower (testing $54 handle twice)

NOTE - WTI futs are rolling to Jan 18.


Gold remains the best performer since Saudi unleahsed its chaos...


Finally, we noted that Bitcoin has ripped over 40% higher off the weekend's lows - back to previous record highs...


Solosides Thu, 11/16/2017 - 16:06 Permalink

While stupid working goys were fretting over the imaginary numbers on their stock-trading apps today, several hundred people moved into the countless tent cities seen on the side of literally every single highway in the city of Seattle. And no they arent "millenial snowflakes afraid of real work" or "lazy bums from another city looking for a $15/hr min wage job". They are normal people from every walk of life who have simply run out of options, and money, and are now forced to sleep in their car or a tent on the side of the road. Literally a full-on collapse scenario. But the average working goy deliberately chooses to be blind and stupid about it.

QueeroHedge IH8OBAMA Thu, 11/16/2017 - 18:23 Permalink

Lucky me I was given 1 bch for every 1 btc I own, for nothing! :) Not sure why tmosley didn't get the same, long term investors use paper wallets and were therefore rewarded with free bch at fork time. I figure tmosley didn't have as much money to invest in btc as he would like and was therefore trading with his entire holdings, and had it on an exchange at forktime and therefore, no free bch. He probably lost 50% getting that call wrong but I'm sure he would have quickly converted to bitcoin and caught some of this upswing. Lucky for tmosley, you would have to be criminally retarded trading cryptos these last few years without making a mozza. And with a market cap of ~120billion we haven't seen nothing yet. 10-20% in cryptos now cunce. But yeah cryptos are bad don't allocate a small percentage in cryptos three years ago when fonestar et al were screaming about $500 bitcoins, they're stoopid glad zh banned them

In reply to by IH8OBAMA

Wait What Winston Churchill Thu, 11/16/2017 - 16:24 Permalink

San Jose has started building refugee camps… can be maintained for a long time. As Loretta Meester said today "p/e multiples are high b/c interest rates are low"So when people ask, "who caused p/e multiples to rise so high, knowing they would eventually come down?" Loretta Meester and her friends, of course. Then she and all of her current and former Fed counterparts become targets for those homeless 'nothing to lose' refugees. I, for one, interact with the local homeless population for just this reason. I won't have to do anything myself when the nooses and pitchforks come out, by then most of the refugee army will know exactly where to go and who to target.

In reply to by Winston Churchill

Justin Case Solosides Thu, 11/16/2017 - 16:40 Permalink

Now now let's not spoil the perfect illusion with reality. The Gov'ts are doing their best to keep the illusion going. They are even clamping down on free media from abroad and non-corporate sponsored alt news for spoiling the illusion of prosperity. Capitalist criminals are richer and the majotiy are poor. Data is also fake and adjusted, thus unconsistant from month to month. Nothing is real any moar.

In reply to by Solosides

Bwana Nobodys Home Fri, 11/17/2017 - 14:05 Permalink

Since most lived in RVs don't get moved much you should look at 5th wheel trailers. I bought at 2003 that sold for $44,000 a few years ago that had about 200 miles total on it and had been lived in for about 1 week for 13K which included the hitch and all the hook-up stuff. It was designed for travel and residency so it has all full sized facilities in the bathroom and kitchen. I'm installing the washer /dryer this weekend and my next and final upgrade will be a 3KW diesel generator. It is very easy to find an older pick-up truck, gas or diesel, that can move the rig and when disconnected the pick-up truck although old is reliable transportation and easy to work on.

In reply to by Nobodys Home

tion Solosides Thu, 11/16/2017 - 17:15 Permalink

Just imagine the epic propoganda videos the Norkos could make of the fall of the evil USSA empire devolving into third world hellhole status, depicting hungry West coast tent dwellers living in their own feces, and the tunnel people of Vegas raising kids in the dark.  Everything is awesome..

In reply to by Solosides

QueeroHedge Thu, 11/16/2017 - 16:06 Permalink

Bitcoin record highs, gold, not so much. But hey given the government can confiscate your gold when they see fit, it's probably a good thing it languishes.

QueeroHedge runningman18 Thu, 11/16/2017 - 16:14 Permalink

yaya it will be totally different this time around, when they threaten to stick you in buttrape prison while your family starves, you will stoically take it in the ass because freedom and such. okay mate no worries then. I like my anal virginity I'll just stick to bitcoin which the gov doesnt know about and couldnt get even if they did. Oh, I guess i have gold too but I dont mind hgiving that up if it keeps tyrone out my bumhole

In reply to by runningman18

QueeroHedge IH8OBAMA Thu, 11/16/2017 - 19:29 Permalink

Not to mention that they are technically worthless. Ludwig Von Mises would disagree. How long have you been shouting down bitcoin on zerohedge, what was the price when you began pontificating? C'mon now, you been here longer than 13 weeks, I guess it would be embarrassing to be crying tulips from the same account you used to laugh at bitcoin from when it was $60 right.  Years ago I called the apple top, I doubled down when I heard they were bringing out a watch after the year2000 which I still think is stupid( asked the apple dude at jbhifi recently if the watch sells, he told me they never make it to the shelves they sell out before they get to the store). I was wrong. Retardedly overpriced with lacklustre innovation since the iphone coupled with increasing competition and I'm still wrong. When apple keeps breaking records, I don't laugh at all the people who profited from it, I'm the loser not them. Maybe you could adopt this mentality with crypto and save yourself time and dignity.

In reply to by IH8OBAMA