Stocks, Silver, Black Gold & Bond Yields Jump This Week As Dollar & Yuan Dump


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10 shares, 78 points

Millions more job losses, thousands more deaths, hundreds more profits outlooks cut or dismissed, lots of rancorous hazards and promises exchanged between United States and China … and still a handful of essential United States stocks sent out the significant indices skyrocketing on the week led by Trannies and Small Caps …

A panic bid at the near get the indices green for the day …

Nearly as if it never occurred …

Source: Bloomberg

Or put another way …

Especially, after the European close on Monday, The Dow and S&P went nowhere!

However hello “vaccines” and shit indicates it’s a good week!!

Source: Bloomberg

Or it could be something else?

Source: Bloomberg

Seriously though, it’s Mission Accomplished …

Source: Bloomberg

The huge banks are higher on the week but notice that from the opening spike on Monday, they are all lower …

Source: Bloomberg

FANG Stocks were up on the week but sold off after The Fed …

Source: Bloomberg

Treasury yields ended the week greater throughout the curve, but just decently with the long-end up 4bps …

Source: Bloomberg

Bonds and stocks decoupled …

Source: Bloomberg

The Dollar slipped once again today (selling ahead of The Fed and rallying after) …

Source: Bloomberg

However on a longer-term context, the dollar is coiling …

Source: Bloomberg

Offshore Yuan discarded today as US-China tensions rose …

Source: Bloomberg

And Hong Kong Dollar Fwds puked amid Beijing’s new “security” law …

Source: Bloomberg

Bitcoin was flat on the week, erasing the majority of the post-halving gains, but Ethereum had a strong week …

Source: Bloomberg

The dollar continues rangebound against its fiat good friends however is weaker and weaker against sound cash …

Source: Bloomberg

Oil was the week’s huge winner (again) but silver rose as gold slipped …

Source: Bloomberg

Gold/Silver just got too juicy after The Fed went all-in …

Source: Bloomberg

July WTI is back at around the $34 level and stalling once again …

Finally, we appear to still be following the 1930 s analog for now … which suggests we lift to around 26 k on The Dow … Bear market rallies in 1929, 1938, 1974 saw an average 61% rebound from lows (after an average 49% drop) … which would take SPX to 3180 …

Source: Bloomberg

As Johnny Depp said, COVID deaths inform no tales of financial collapse …

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