this album means a lot to me because it is the first of it’s genre that i ever heard, which introduced me to sabrepulse and xinon… jeeze, it just exploded from there, i was obsessed and i needed to find more… i went on to discover most of the artists i listen to today and i am so happy that i did…

Volume Collapse Sparks 5th Day In A Row Of Nasdaq Gains As Oil Plunges

S&P futures traded the lowest volume of the year today (for a non-holiday trading day) and volume has slid consistently lower as this rally of the last 8 days. The S&P outperformed today (up over 0.5%) as yesterday’s oil-is-falling-so-buy-Trannies meme reversed into oil-is-falling-so-sell-Trannies which ended the day almost unchanged. The Nasdaq made new 14-year highs, up 5 days in a row. Treasury yields dropped notably early on then surged higher as US stocks opened (30Y +8bps on the week). The USD index also surged today (up 0.55% on the week) to new 11-month highs as EUR and CHF weakened notably. Commodities in general were clubbed like baby seals with copper, silver, and WTI hammered (but not Brent) after the inflation/housing data leaving oil under $95 - its lowest in 7 months. Gold fell much more modestly (but ended below $1300). AAPL closes at all-time high. VIX and HY Credit diverge notably from stocks after Europe closed.

 

Volume has collapsed as stocks rallied…

Once again Europe’s close stalled the rally…

As geopolitics means absolutely nothing…

VIX diverged notably from stocks after Europe closed…

and so did credit… so if - as CNBC suggest - that professionals are buying what retail is selling - then who the fuck is buying massive protection of HY credit - and why?

Treasury yields dumped and pumped… most of the damage was done between the US open and EU close (not on the macro data release)

FX markets were a one way street as USD demand surged… biggest USD rise in 3 months today

everything cracked when the data hit but oil and silver worst…

WTI was hammered but not Brent…

 

Charts: Bloomberg

Bonus Chart: AAPl closed at record high - just shy of all-time intrday high…










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