All Star Economic News

[mmayr]

Zerohedge. . .This is total BULLSHIT ~~

S&P Closes Above 2000 For First Time On Lowest Volume Day Of Year

For the last 2 weeks, the US Dollar has surged - hitting new 13-month highs today amid JPY and EUR weakness - and for the last 2 weeks, US stock and bond markets have rallied (leaving 30Y yields implying the S&P is 130 points rich or yields are 25bps too low). S&P tops 2,000, Nasdaq closed up for 10th day in a row, Russell outperformed on major short-squeeze, Trannies slid red for the week. Today saw modest Treasury weakness (30Y +2bps, 2Y -1bps) but still lower on the week; gold ($1285), silver ($19.50), and oil ($94) gained on the day - despite USD strength - as copper dropped 1%. Credit markets remain unimpressed by record-er highs in stocks. VIX decoupled from equity strength today as BATS options feeds broke. Volume was an utter disaster... that is all.

(See charts at "source" listed below)

Source: http://www.zerohedge.com/news/2014-08-26/sp-closes-above-2000-first-time-lowest-volume-day-year