tyb
Stocks, Bonds, VIX, Dollar, & Gold Rise After China's Worst Week In 6 Months
China shit the bed (worst week in 6 months), bonds bid on great growth (weak sales, inflation), semis suddenly puke after massive surge (SoKo GDP, Semi sales collapse, INTC, XLNX…), crude crushed on green shoots (Trump trumps OPEC as demand forecasts upheld), and gold gained on a higher dollar - none of these 'oddities' matter, stocks are at record highs and AMZN is awesome.
China's worst week in 6 months.
(they will print again, most likely early next week)
European markets were more mixed with Germany's DAX best, France just green but UK, Spain, and Italy in the red.
US equities initially shrugged off the blockbuster GDP print but then the machines embraced it as volumes collapsed.
And were mixed on the week with Dow Industrial and Transports in the red as Small Caps and Nasdaq outperformed.
(of course it did-when your largest component's are dis-connected from any reality or fundamental's they can do whatever they want)
Europe and US remain around the same YTD as China leads (but is reverting).
Volume continues to collapse.
(where have we heard this before?…)
S&P managed to hold above its prior record closing high of 2930.75 (but below record intraday high of 2940.91).
SAMZN's beat and 1-day delivery lifted the stock and Nasdaq; but hammered TGT and WMT.
(because continuing to marginalize bricks and mortar retail even if it is walmart)
Tesla bloodbath'd back to 2-year lows, breaking to levels where Musk may face Margin Calls.
Catching down its ugly bond reality. (cap #3)
Ford overtook Tesla's market cap for the first time since April.
MSFT overtook AAPL and AMZN, nearing the trillion dollar market cap level. (just)
Despite the strong GDP print, Treasury yields tumbled on the day (and week).
With 10Y Yield back below 2.50%!! (cap#4)
WTI Crude suffered its first losing week in the last 8 weeks and gold had its best week since the start of Feb.
WTI tumbled on the day (worst day since Xmas Eve) after Trump's OPEC comments.
Note that 2019 has seen the fastest rise in gas pump-prices since 2006.
https://www.zerohedge.com/news/2019-04-26/dow-drops-nasdaq-pops-after-chinas-worst-week-6-months
https://finance.yahoo.com/quote/%5EDJI?p=^DJI
Just another day at money printing central
>>6325694
Of course it "looks" good. Looks can be deceiving.
would be helpful to know which cap you are referring to. 2 or 3
One of a few thing's. It is the end of the week and people who trade take profit's, it also could be short position's (betting the mkts drop) exiting those in front of a weekend and it also can be what is called painting the tape- a form of manipulation to drive it up.
It is most likely the latter as the short's who held on this long started exiting or covering earlier in the week. The bigger spikes throughout the day starting monday if you have been here looking at these.
See cap for painting
sorry that is a little confusing once I read it back. It should read because people take profit's at the end of the week the system does not want to have a drop going into the close so they "buy" into the close to counteract that with the 'painting'- Gomez style.
kek
https://www.dailyfx.com/crude-oil