“Chaos Is Coming” – Bullion, Bonds, & Big-Tech Bid As Dollar & Dow Dumped
Jupiter-Saturn-Pluto 2020 Alignment: Gross Universal Cash Heist Deep State Intelligence Operation Is Now Underway…
The Baltic Dry Index provides a glimpse into the status of world trade — so far, world trade is stagnate — though equity markets are soaring as if there was a recovery.
Bonds are not buying the phony V-shaped recovery narrative of an economic rebound.
Investing legend Stan Druckenmiller called the V-shaped recovery a fantasy during his latest webcast.
FANG stocks were bid once again – with many of the mega-tech stocks hitting record highs…
Lifting Nasdaq on the day as Small Caps were slammed…
Bank stocks were battered again as rates fell and flattened…
The ramp in Financials perfectly rejected at the 200-day moving average…
Banks’ relative performance has tracked the yield curve almost too perfectly…
Market-neutral momentum bounced hared again today after briefly touching unchanged on the year…
Here’s what The Fed did…
But Gold was the big gainer after The Fed unleashed formal QE, pretty much monetizing America’s deficits going forward…
Silver also surged, back above $18…
The dollar was monkey-hammered lower… (this is the 9th down day for the dollar in the last 10 and 14th down day in the last 18)
To its lowest since early March…
Treasury yields tumbled…
The belly of the curve outperformed (7Y -9bps, 2Y -3bps, 30Y -6bps)…
Oil prices rose despite a big crude build to record high US stockpiles… (but it did fall after The Fed)…
Bitcoin briefly spiked above $10k after The Fed…
Silver outperformed gold today…
Finally, there’s this… Fed Chair Powell basically admitted to The Fed Put (but stocks still stumbled)
- *POWELL: WE WANT INVESTORS TO PRICE IN RISK LIKE MARKETS SHOULD
- *POWELL: POPPING THE ASSET BUBBLE WOULD HURT JOB-SEEKERS
As Bloomberg notes, stocks may be the ultimate beneficiary of trillions of dollars in economic stimulus from the Federal Reserve, according to Savita Subramanian, Bank of America Corp.’s chief U.S. equity strategist.
“Liquidity looking for a home” is bolstering the FANG stocks…
To infinity and beyond!
Keep in mind now that we officially in the “10-Day Red Zone” of the coming Solar Eclipse…
Responses