Stocks Surge To Best Start In 30 Years; Bitcoin, Bonds & Dollar Battered

Just "buy" - everyone else is... what could go wrong?

 

It's been an interesting year so far... equities are unstoppable, the dollar is tanking, gold is soaring, and bonds are tumbling...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod1.png

 

This is easy... US Equities have 'suffered' only one down day in 2018 so far (in fact Trannies haven't seen one down day)...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod24.png

BTFD!!

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod25_1.png

Putting this move in context:

  • Trannies best start to a year since 1983
  • S&P best start since 1987
  • Dow best start since 1997
  • Nasdaq best start since 2004

 

"Never gonna let you down"

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod12.png

The Dow is up 1060 points in 2018 - 5 names account for more than half those gains (BA, CAT, IBM, MMM, and UTX added 555 points!)

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod22.png

VIX traded back above 10 today again, rising with stocks, and VIX has entirely decoupled from stocks...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod23.png

 

Banks had a good week (despite dismal earnings) but Wells ended red...

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod21.png

 

Facebook took the shine off Nasdaq a little today, tumbling after Zuck's censorship comments...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod18.png

But thanks to panic-buying in NFLX and AMZN, FANG Stocks exploded higher off-the-lows today...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod19.png

 

And while stocks are surging, Treasuries are tumbling - suffering the biggest total return loss since 2006... (worst 2 week drop in 3 months)...

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod2.png

Yields ended the week higher across the curve, but look at the strength in the long-end the last 3 days...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod13.png

After steepening dramatically after the China headlines, the yield curve collapsed back flatter to end the week unchanged...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod15.png

2Y Yields topped 2.00% for the first time since Sept 2008...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod16.png

 

2Y Yields are now 18bps higher than the dividend yield of the S&P 500...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod17.png

High yield bonds had the worst week in the last 6, decoupling from stocks...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod20.png

 

The dollar plunged most since March 2017 today to the lowest in 4 months... (5th week down in a row)

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod10.png

 

One wonders if this is the short-term low?

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod11.png

 

Cryptos have had a volatile start to the year with Bitcoin, Ripple, and Litecoin all holding around unch while Ethereum is up 65%...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod3.png

This week saw Ripple crash 30%, and Bitcoin dropped around 19% - the worst week since Jan 2015...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod4.png

 

The last few years have seen Bitcoin show seasonal tendency to drop into mid-to-late January before picking up into the summer...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod5.png

In commodity land, copper ended the week lower but Crude and PMs surged today as the dollar collapsed...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod9.png

 

Gold surged today - its best day since August - and is up 5 straight weeks...Gold futures hit $1340 for the first time since September 14th...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod7.png

Normalized for vol, gold has decoupled higher relative to bitcoin...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod14.png

 

WTI Crude bounced back above $64 today as the dollar plunged...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod8.png

 

And Spot Palladium surged to a new record high...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180112_eod6.png

 

Bonus Chart: All-In Bitches!!!

Comments

Hammer823 Fri, 01/12/2018 - 16:04 Permalink

What we are witnessing is the bailout of the US pensions system via the stock market.  Pensions are more invested than ever in stocks after a decade of low interest rates.  With a wink and a nod, the Central Banks, Institutions, and US Government have colluded to engineer a bull market that will save the pension system.  Lord knows interest rates aren’t going to do it.  Rally Program #2 run again today.  As it was yesterday, and Tuesday.  Slow steady rise until noon, then flat line at the high for the rest of the day.  You can set your watch to these programs…quite literally.  There is no “stock market”.  There is only a bulletin board of prices manipulated ever upward by the Institutions and Central Banks.

D.r. Funk Hammer823 Fri, 01/12/2018 - 22:45 Permalink

You're Not Getting The Looney Circus SYNTHETIC Two Hundred Point Dow Intradays NEXT WEEK
 

AND

YOU

KNOW IT

 

OF COURSE YOU GOTTA KEEP THE PSYOP GOING FOR THE 2ND WEEK OF THE YEAR - BUT NOW YOURE RUNNING OUT - YOURE NOT ABOUT TO GET A 3RD WEEK OF MANIPULATED PSYOP INDEX INCREASES - GO FOR IT - TRY IT - YOURE NOT GONNA GET IT - MY FINGER GOES IN YOUR FUCKING FACE WHEN YOU CANT - [smirk]

In reply to by Hammer823

Hammer823 Fri, 01/12/2018 - 16:04 Permalink

What we are witnessing is the bailout of the US pensions system via the stock market.  Pensions are more invested than ever in stocks after a decade of low interest rates.  With a wink and a nod, the Central Banks, Institutions, and US Government have colluded to engineer a bull market that will save the pension system.  Lord knows interest rates aren’t going to do it.  Rally Program #2 run again today.  As it was yesterday, and Tuesday.  Slow steady rise until noon, then flat line at the high for the rest of the day.  You can set your watch to these programs…quite literally.  There is no “stock market”.  There is only a bulletin board of prices manipulated ever upward by the Institutions and Central Banks.

Keltner Channel Surf Juggernaut x2 Fri, 01/12/2018 - 19:27 Permalink

That's because you're too stupid to recognize a charlatan playing to the new gallery here (or, as is increasingly the case, a second ZH ID used for fawning, like the SHEP-pers do).

For a good laugh, check out the Instagram link in his profile and learn how to make EASY money simply reversing oil or financials intraday with triple leveraged funds (looks like he mainly played the mid-day VWAP return trade which, like anything, does NOT work every single day without fail).  

Anyone can do it -- all you need is to guess which of 6 simple ‘programs’ that EVERY SINGLE MAJOR INSTITUTION in the country is in collusion with on a secret signal given at 9:29 each day, and off you go!  

What I think is even more amazing is that, given tens of thousands of people would need to be involved worldwide for this to work (even 25% of the buy-side in collusion couldn’t counteract 75% if they all really wanted to sell against a ‘rigged’ system, so you’d need a majority on board), they’ve kept such a tight ship that not ONE PERSON ratted them out to the WSJ, who’d pay a few million$ for such a story.  I guess that’s chump change when you rule the entire world.

So I wonder why the failure rate for trading approaches 100%?  That stat must be an error.  Someone should take a Hammer to the guy who calculated that one …

In reply to by Juggernaut x2

Hammer823 Fri, 01/12/2018 - 16:04 Permalink

What we are witnessing is the bailout of the US pensions system via the stock market.  Pensions are more invested than ever in stocks after a decade of low interest rates.  With a wink and a nod, the Central Banks, Institutions, and US Government have colluded to engineer a bull market that will save the pension system.  Lord knows interest rates aren’t going to do it.  Rally Program #2 run again today.  As it was yesterday, and Tuesday.  Slow steady rise until noon, then flat line at the high for the rest of the day.  You can set your watch to these programs…quite literally.  There is no “stock market”.  There is only a bulletin board of prices manipulated ever upward by the Institutions and Central Banks.

Hammer823 Fri, 01/12/2018 - 16:04 Permalink

What we are witnessing is the bailout of the US pensions system via the stock market.  Pensions are more invested than ever in stocks after a decade of low interest rates.  With a wink and a nod, the Central Banks, Institutions, and US Government have colluded to engineer a bull market that will save the pension system.  Lord knows interest rates aren’t going to do it.  Rally Program #2 run again today.  As it was yesterday, and Tuesday.  Slow steady rise until noon, then flat line at the high for the rest of the day.  You can set your watch to these programs…quite literally.  There is no “stock market”.  There is only a bulletin board of prices manipulated ever upward by the Institutions and Central Banks.

D.r. Funk Fri, 01/12/2018 - 16:06 Permalink

Index programmer inner-circle:

Told you, you were doing a clownish endphase final bs,

The problem for you is you’re running out of room

And some of us still have full inverse lineups

 

All balances and positions, in my acct, refilled and reset.

…hear

…that?

 

The last 2 weeks …proves… this was a designed mirage following the bs piggyback programmed gains after Hurricane irma. Which can now be seen because No of course it’s not cause the tax cuts haven’t been baked in yet. Hear an Lol? As was clear, Lol, months ago, Lol, it was not about baked or nonbaked taxcuts. Guess what

 

…YOU - STILLLLLLLLL

…HAVENT

…SHAKEN - MEEEEEEEEE

wmbz Fri, 01/12/2018 - 16:06 Permalink

Not Bad, not bad at all.

I was a tad worried we would not close above 200pts. But we did!

Next trading day we pass 26,000! I just love this new normal, where everyday day is an up day. To bad that we can no longer BTFD!

D.r. Funk wmbz Fri, 01/12/2018 - 22:51 Permalink

Wonder about the avg person who may actually feel skeptical on gains in the stock market the last few weeks. "How is it, Really going up, So much, So often, Every-single-week?"

Little late. Yeah you might be recognizing something we've said was developing and occurring for quite some time

 

In reply to by wmbz

D.r. Funk Kaiser Sousa Fri, 01/12/2018 - 16:23 Permalink

What's laughable is it's only tracing out the most cliche textbook bubble formation. And it's the whole market. Tech was predominantly/primarily 1 sector. 1929 was the whole market. Late 20-teens is the whole market.

Indexes parabolic generally. Shiller parabolic

And not a peep

In reply to by Kaiser Sousa

coast1 Fri, 01/12/2018 - 16:13 Permalink

Hey all, I was looking at a one year chart and it shows the euro going way up and the dollar way down...lucy, you got some splainin to do. :-)   actually, I listen to alot of talk shows in regards to economics, and I have not heard anyone bring this topic up...any thoughts?

Peak Finance Fri, 01/12/2018 - 16:16 Permalink

OK

Bought more MJ today, the devastation there is ongoing. 

 

Having a really hard time deciding on whether or not to take oil profits. 

Made a ton of dough buying and holding these stupid Oil ETN's 

Gut is saying to take profits

Brains says let it run. 

 

 

 

Hubbs Fri, 01/12/2018 - 17:00 Permalink

So, how big will the next gold monkey hammer have to be? I think the last time I checked, it took 4 billion, an increase from the previous 2 billion.

 

Even that Fibonacci increase won't be enough. Will need to go exponential, like 16 billion.

John Law Lives Fri, 01/12/2018 - 17:21 Permalink

The DJIA has now risen more than 1,000 points since the intraday low of 24,741.70 on January 2, 2018.  I'm sure 1,000+ points in 10 days is perfectly normal.  No red or orange lights flashing there...

 

FUBAR.

Quivering Lip Fri, 01/12/2018 - 17:27 Permalink

Weekly market recap.

Market Cap to Nominal GNP hits a record high, hits a record high, hits a record high, hits a record high, hits a record high!!!!!

Only 2.3% until 150% which by my calculations should be Thursday of next week. 

Let it Go Fri, 01/12/2018 - 19:08 Permalink

A recent note from well-respected investor Jeremy Grantham, who is credited with calling the 2000 and 2008 downturns has only added to market enthusiasm by informing us last Wednesday to be prepared for the possibility of a near-term “melt-up” but that is only part of the story. The negative part contained in Grantham's note that many seemed to discount were his feeling that this is one of the highest-priced markets in U.S. history and "this would likely set the stage for a burst bubble and a stock-market meltdown in the future." more below.

 http://Much Talk About Market Sweet Spot But Nothing Is Really different.html