Taxphoria Sparks Stock-Buying Panic - Dow Does Something It Has Never Ever Done Before

This...

 

The Dow closed at its 70th record high of the year... it has never done that before in its 100-year-plus history.

 

Additionally, S&P is most overbought (weekly RSI) since 1958...

 

There have been no down months since Trump elected and 2017 is shaping up to be a 'Perfect Year'

This would be the first time ever that stocks had 12 monthly gains in a row in a calendar year...

 

On the day, everything in stock-land was awesome... Trannies and Small Caps outperformed, Dow and S&P gained but lagged on the day...

 

Futures show the excitement was after the close on Friday, at Sunday's open, and at this morning's open...

 

Most-Shorted stocks soared 3.5% in the last 2 days as another squeeze surged markets higher...

 

'High Tax' companies actually outperformed...

 

Retailers (black) continued their rip higher (Utes underperformed)...

 

And it would be rude to end today without mentioned LongFin... which was halted 18 times today!!!

 

For once, the yield curve steepened today - after its biggest flattening week in years last week...

 

In fact this was the biggest percentage steepening in 2s30s since the election..

 

The Dollar ended the day lower but bounced notably into the EU close and beyond...

 

WTI Crude ended the day lower by copper, gold, and silver gained...

 

Gold gained as Bitcoin slipped today...

 

Bitcoin Spot had a modest down day but Ethereum soared to a new record high...

Bitcoin Futures (CME and CBOE) drifted lower from their open, compressing the premium to spot...

 

Meanwhile, Citron is massacred at the Bitcoin Trust (GBTC) explodes 25% higher to a 70% premium to NAV (and a $27,000 implied Bitcoin price!!)

 

Bonus Chart: WTF!!!

Comments

D.r. Funk The_Juggernaut Mon, 12/18/2017 - 16:17 Permalink

If there was a template for endgame, would it not contain glaringly-ludicrous consecutive and relentless stock manipulations, on top of an increasingly narrowing convergence of power-battles, exactly as it happens to be occurring?As I started calling it months ago, because my sense and discernment has been DEAD ON ACCURATEin this bullshit game of artificial bullshit concocted Stock-Propaganda and Agenda?[zh was never an indicator or contraindicator - dick-head - everything chronicled here has shown the most obvious - contrived - engineered collapse in history]

In reply to by The_Juggernaut

D.r. Funk BullyBearish Mon, 12/18/2017 - 16:11 Permalink

Wrong. The logic doesn't make sense. The equity-bubble or overvalue or overstretched-bloated status of the indexes, Does, Not, Make, Sense, that they are LOVINGLY JUICING things for admin 45.The logic fit from the beginning, (as I started saying within days of the election, and more comprehensively by feb), that they were increasing the mountain-pinprick level over himReally? You're gonna argue that the guy not involved in their club whatsoever and outsider that pulled the rug from the power structure is now owned, and, it's reflected in the programming of the indexes?Huh?

In reply to by BullyBearish

Full Court Lug… troubadourcapital Mon, 12/18/2017 - 16:42 Permalink

It's not earnings. Price-to-Margin-adjusted-CAPE is at an all time high, Mkt Cap / GDP is at an all time high, Price-to-Revenue is scraping an all-time high. CNBC cheerleaders will go on TV and say a 3% increase in 1-year profits merits a 30% increase in market cap, but every single valuation measure with significant long-term predictive power is in the stratosphere. If the word "bubble" has any meaning at all, we are now in the largest US equity bubble of all time.

In reply to by troubadourcapital

NoDebt Mon, 12/18/2017 - 16:04 Permalink

"The Dow closed at its 70th record high of the year... it has never done that before in its 100-year-plus history."Well..... now it has.  I guess we can all go home now. 

D.r. Funk NoDebt Mon, 12/18/2017 - 16:23 Permalink

Oh and still-active bears are supposed to feel "SO WRONG" and "SO DUMB" and "SO OBSOLETE" and "SO FECKLESS"Not the case you stupid fuckn index programmers. You haven't folded all of us. As long there's 1 of us left. You can't"GET YOUR FULL INTENDED DOMINATION CONQUEST"You Know You Haven't Gotten Mereset&added to mypositionsagain #Icanoutlastyouandyouknowit

In reply to by NoDebt

D.r. Funk Bryan Mon, 12/18/2017 - 16:49 Permalink

It's constructed to do the same thing when the directional-bias is going the other way. Very misunderstood. The CB or CB-proxy infusion, is so sustained and massive, in general, UVXY doesn't stand a chance. VXX responds in a similar way. Part of the movement connected to overall pushing or drift

In reply to by Bryan

idontcare Mon, 12/18/2017 - 16:07 Permalink

Looking for the Black Swans.... Has anyone seen a Black Swan?.... well, then Party On (for now)! [It looks like the only way for the PTB to pick up assets cheaply ever again will be for them to perpetrate the mother of all "false flags".... Does anyone want to start a pool for time, date, and concomitant market drops? Oh c'mon, everything else in life is gamed these days, why not this?!]

D.r. Funk Mon, 12/18/2017 - 16:06 Permalink

Hey manipulators: Oh, Gee, The +143 friday and the +145 today is so authentic, and legitimate, and real. No I don't think so... If it was so authentic and legitimate and real, you wouldn't haveSHILLER PE 32.65 [MOCKING INCREDULOUS CLOWN FACIAL EXPRESSION] Ha ha you wouldn't have it, You wouldn't have shiller pe at 32-sixty five if this was all legitimateYou are the most obvious manipulation possible and everAnd with all that you haven't gotten me to be kicked out, eliminated, or folded, as Full Inverse see my finger==SUB 11 VIX fabricated forced operation==3% DRAWDOWN LAPSE closer to reaching point of elimination==ADDITIONAL FORGED LEG not gonna convince me [it] can go forever==PROGRAMMED ATH PSYOP ' cant go forever '