the tyler's are up there own asses with this headling
Gold Jumps, Dollar Dumps As Trump Folds, Fed Holds
China Manufacturing, European Economy, and US Hope all plunging further… so buy stocks right? Bad global news is great stocks news?
US equity futures surged overnight after Quasi QE from China and a WSJ headline on the end of QT. However, having tagged the week's highs, stocks dipped on headlines of a shutdown deal (remember, End of Shutdown is negative for stocks as it means the economy won’t crash in Q1, meaning a lower probability that The Fed stops QT), but ended higher on the day and week…
The S&P ended red on the week (breaking its 4-week win streak) but Nasdaq and The Dow managed to hold tiny gains on the week…
rest at link
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The crap stocks are fueling this again. Shorts are continuing to go to the well and fold.
Cap 1 is the bifurcation of Share price vs EPS estimates. Just like the SPY/HYG (cap 2) dislocation that started in late 2011 and started to respond to it in 2015, actual performance metrics are still not buying this 'rally'.
https://www.zerohedge.com/news/2019-01-25/eod