Bonds Bloodbath, Ripple Recked, S&P Surges To Best Start In 30 Years

First things first - Japan tapered its bond purchases once again (and sparked chaos in bond land) and China shifted its FX regime, sparking a tumble in the Yuan...

https://www.zerohedge.com/sites/default/files/inline-images/20180109_eod12.png

Both seemingly sending a clear message to bond bulls..

 

6 days into 2018 - 6 days up for the S&P 500 and 6 days with 10Y above 2.4% - and the 3% YTD gain for the S&P (orange) is the best start to a year since 1987 (Nasdaq is up 4.5% YTD, and Small Caps are lagging up just 1.8% YTD)

https://www.zerohedge.com/sites/default/files/inline-images/20180109_eod2.png

 

Today saw a weak close for the first time in 2018 which dragged Small Caps into the red, and Nasdaq red briefly before the close... Dow outperformed with Boeing dominating (65pts)...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180109_eod13.png

 

VIX ruined the party - having closed below 10 for the last 5 days in 2018, it closed above 10 today...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180109_eod14.png

 

While AMZN hit a new record high today (confirming Jeff Bezos as being worth more than what Bill Gates was at his peak), FANG stocks actually closed lower, breaking the 2018 win streak as NFLX weighed the index down...

 

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Kodak soared 130% today after mentioning something to do with Blockchain...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180109_eod1.png

 

HY Bonds tumbled notably, back below their 50- and 100-DMA (after a massive ramp)...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180109_eod3.png

 

Bonds were an utter bloodbath with the long-end getting crushed today..

 

https://www.zerohedge.com/sites/default/files/inline-images/20180109_eod6.png

 

30Y yields hit the highest since 11/1/17, but 10Y Yield broke (and closed) above 2.50% for the first time since March 2017...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180109_eod7.png

 

The Treasury curve steepened most today since the Nov 2016 election of Donald Trump... and while that sounds very exciting, it merely moves the curve back to its steepest since Boxing Day...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180109_eod8.png

 

The Dollar Index rallied again today, touched unchanged for 2018 then faded...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180109_eod9.png

 

WTI soared to $63 - the highest since Dec 2014

 

https://www.zerohedge.com/sites/default/files/inline-images/20180109_eod15.png

 

But as oil rallied, copper, gold and silver slid lower...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180109_eod11.png

 

The Crypto space saw another notable decline early on but Ethereum bounced back hard to new record highs as Ripple rolled over. YTD, ETH is massively outperforming as the last two days suggest a major rotation...

https://www.zerohedge.com/sites/default/files/inline-images/20180109_eod5.png

 

The 2Y Treasury Yield is now trading 13bps above S&P Forward Dividend Yield...

the biggest gap since August 2008...

 

 

https://www.zerohedge.com/sites/default/files/inline-images/20180109_eod10_0.png

 

 

Comments

Expendable Container Countrybunkererd Jan 9, 2018 5:53 PM Permalink

While we are being entertained by reading about fictional 'blood baths' and degraded with 'robot strippers', what is being totally repressed is the REAL blood bath of Black Africans upon White South Africans - beware for this is the Template for White genocide of all ethnic-Europeans in the West. An interview that this is the template was censored by the controllers of youtube - we're not supposed to know - but here is a sample of what is to come:

http://africancrisis.info/index.php/2018/01/06/s-africa-blacks-torture-…

This and other types of sadistic torture too gruesome to mention is normal daily practice in The 'Rainbow' nation of 'Saint' marxist terrorist Nelson Mandela who bombed shopping centres etc. Get the Big Picture war against the White Race here:

http://southafricaproject.info/wordpress1/wp-content/uploads/2017/11/Th…

 

In reply to by Countrybunkererd

D.r. Funk Jan 9, 2018 4:09 PM Permalink

YOU - STILL -
HAVENT
SHAKEN - ME
Running out of room

ShillerPe 33.40
11.5% above black tuesday
98% above the mean
105% above the median

The walls are closing in on the corrupt prior power structure
And youre using the indexes for contingency detonation
So. You're not fooling some of us.

wmbz Jan 9, 2018 4:19 PM Permalink

Very disappointing day!

What's with this only up a 100 points, crap on the DOW? 

We need to put our shoulders to the wheel, our noses to the grind stone and get back to 200, 300 point up days. We can do it, I just know we can.

Stawks! 

Kaiser Sousa Jan 9, 2018 4:23 PM Permalink

"A cryptocurrency inspired by a popular dog meme, that was set up as a joke, is now valued at nearly $2 billion. Dogecoin hit the $2 billion market capitalization milestone on Sunday before slipping back to $1.85 billion at the time of writing on Monday. The breakthrough marks another landmark moment for the digital currency which hit $1 billion for the first time on Christmas day.

The currency, which is one of around 1,400 cryptocurrencies, is named after the popular internet meme featuring a Shiba Inu dog. It was created in 2013 but its price had been stagnant for years before it began to rise in May last year."

https://www.rt.com/business/415272-dogecoin-crypto-worth-2-billion/

Obsidian Samctum Jan 9, 2018 4:36 PM Permalink

Ripple is NOT a crypto. It is a glorified centralized database run by a bunch of guys who wants to have fancy titles next to their name. A real crypto will never have a “ceo” or a “cto” or a “cfo.” A true crypto is decentralized and have no need for any of those fancy title.

 

people are only buying ripple because it is cheap. Why buy one btc for 15k when you can have 30k ripple for the same price.