Sunday, January 14, 2018 5:42:53 PM
Just “buy”–everyone else is...what could go wrong?
It’s been an interesting year so far… equities are unstoppable, the dollar is tanking, gold is soaring, and bonds are tumbling…
This is easy… US Equities have ‘suffered’ only one down day in 2018 so far (in fact Trannies haven’t seen one down day)…
Putting this move in context:
Trannies best start to a year since 1983
S&P best start since 1987
Dow best start since 1997
Nasdaq best start since 2004
“Never gonna let you down”
The Dow is up 1060 points in 2018 – 5 names account for more than half those gains (BA, CAT, IBM, MMM, and UTX added 555 points!)
VIX traded back above 10 today again, rising with stocks, and VIX has entirely decoupled from stocks…
This week saw Ripple crash 30%, and Bitcoin dropped around 19% – the worst week since Jan 2015
The last few years have seen Bitcoin show seasonal tendency to drop into mid-to-late January before picking up into the summer…
In commodity land, copper ended the week lower but Crude and PMs surged today as the dollar collapsed…
Gold surged today – its best day since August – and is up 5 straight weeks…Gold futures hit $1340 for the first time since September 14th…
Normalized for vol, gold has decoupled higher relative to bitcoin…
WTI Crude bounced back above $64 today as the dollar plunged…
And Spot Palladium surged to a new record high…
It’s been an interesting year so far… equities are unstoppable, the dollar is tanking, gold is soaring, and bonds are tumbling…
This is easy… US Equities have ‘suffered’ only one down day in 2018 so far (in fact Trannies haven’t seen one down day)…
Putting this move in context:
Trannies best start to a year since 1983
S&P best start since 1987
Dow best start since 1997
Nasdaq best start since 2004
“Never gonna let you down”
The Dow is up 1060 points in 2018 – 5 names account for more than half those gains (BA, CAT, IBM, MMM, and UTX added 555 points!)
VIX traded back above 10 today again, rising with stocks, and VIX has entirely decoupled from stocks…
This week saw Ripple crash 30%, and Bitcoin dropped around 19% – the worst week since Jan 2015
The last few years have seen Bitcoin show seasonal tendency to drop into mid-to-late January before picking up into the summer…
In commodity land, copper ended the week lower but Crude and PMs surged today as the dollar collapsed…
Gold surged today – its best day since August – and is up 5 straight weeks…Gold futures hit $1340 for the first time since September 14th…
Normalized for vol, gold has decoupled higher relative to bitcoin…
WTI Crude bounced back above $64 today as the dollar plunged…
And Spot Palladium surged to a new record high…
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