Crypto Comeback Continues As Stocks, Bonds, Dollar Sink

Just seemed appropriate somehow...

 

The biggest story of the day is the resurgent rally in crypto-currencies with Ripple up 80% off yesterday's lows...

https://www.zerohedge.com/sites/default/files/inline-images/20180118_EOD1.png

 

Bitcoin traded above $12,000 (up 32% off yesterday's lows), Ethereum back above $1000...

https://www.zerohedge.com/sites/default/files/inline-images/20180118_EOD2.png

 

The Dow closed lower - late-day slam hit as Democrats made headlines proclaiming they had the votes to cause a govt shutdown... Trannies managed to scramble back into the green to close...

https://www.zerohedge.com/sites/default/files/inline-images/20180118_EOD5.png

 

VIX continues to rise...closing at 12 today as The Dow was desperately held above 26k..

https://www.zerohedge.com/sites/default/files/inline-images/20180118_EOD11.png

 

Banks were mixed with MS topping GS in market cap for the first time since 2007...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180118_EOD12.png

 

Treasury yields rose on the day, bear steepening (30Y +4bps)...the belly of the curve is worst this week so far though...

https://www.zerohedge.com/sites/default/files/inline-images/20180118_EOD10.png

 

10Y broke above 2.62% intraday (pushed up at the end by Dem headlines)..

 

https://www.zerohedge.com/sites/default/files/inline-images/20180118_EOD6.png

 

Just shy of the Dec 15th 2016 intraday highs of 2.6394%... (10Y is up 30bps since The Fed hiked rates in December)...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180118_EOD4.png

 

The Dollar Index continued the same patter for the 7th day in a row - being dumped after AsiaPac markets closed...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180118_EOD3.png

 

WTI Crude was lower (on a big draw) and RBOB was higher (on a big build?)...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180118_EOD8.png

 

Gold and silver were both down (despite a weaker dollar)...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180118_EOD9.png