9 Years "Off The Lows": World Stocks +200%, Central Banks +170%, Dollar Unchanged

More chaotic swings in stocks today...

It's been 9 years since President Obama called the bottom in the S&P 500 at 666 and there has been one asset that has crushed everyone else...

But away from crytpocurrencies... Global Stocks are up 200%, Global central bank balance sheets up around 170%... and the Dollar is unchanged...

As a reminder, the Bank of England launched its QE program on March 5, the day before US stocks hit their lows. The SPX rallied 14% between the close on the 5th and that of the day before the Fed launched its own asset purchase program. Perhaps, as Bloomberg's Cameron Crise notes, the UK still has a few things to teach its younger, larger cousin...

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Since Trump dropped the "T" word last week, gold is the best performer with today's bounce in stocks pulling The Dow green, bonds are unch and the dollar is weaker...

Small Caps, Nasdaq, and the S&P are all green post-Trump Tariffs, The Dow and Trannies are unchanged...


On the day, stocks chopped around on headline roulette around North Korea hope and tariff hype...

 

The Dow ended at exactly 50% retracement levels from the record high to Feb lows... (350 point swing in The Dow today)

 

Bank stocks surged once again, extending the gains off Friday lows...

 

And FANG stocks are up almost 9% from Friday's lows...

 

VIX tagged a 17 handle intraday again...

 

With rate-locks lifting ahead of CVS' massive issuance, Treasuries flatlined on the day

 

The Dollar Index tumbled again today (extending the post-Trump-Tariff drop), erasing

 

Gold and Silver surged today as the dollar weakened but crude ended unch ahead of API inventory data tonight...

 

The silver/crude divergence got some chattering about the ratio's seeming resistance...

 

Ugly day for cryptocurrencies (for no good reason)...

As Bitcoin caught down to Nasdaq...