Stocks Soar To Record Highs Amid Bond Bloodbath, Momentum Massacre
Tyler Durden
Fri, 06/05/2020 – 16:01
This was a big week for markets.
Trannies were up over 10% on the week, Nasdaq lagged by “only” gaining 3%…
AAPL record high today.
Best 50-day rally in stocks in 90 years…
Source: Bloomberg
Nasdaq 100 and Composite hit record highs, S&P is less than 1% away from green YTD…
Source: Bloomberg
Biggest weekly crash in momentum on record…
Source: Bloomberg
Banks stocks exploded higher (second best week since Nov 2016, Trump election)
Source: Bloomberg
Biggest weekly gain for Airline stocks… ever…
Source: Bloomberg
Biggest weekly spike in 30Y yields since Nov 2016 (Trump Election)
Source: Bloomberg
The yield curve has steepened for 5 days straight, second biggest weekly steepening sine Nov 2016 (Trump election)…
Source: Bloomberg
Biggest weekly short-squeeze in two months (second biggest since March 2009)
Source: Bloomberg
— Stalingrad & Poorski (@Stalingrad_Poor) June 5, 2020
Dollar is down 10 days in a row, biggest weekly drop since March and biggest 3-week drop since Oct 2011…
Source: Bloomberg
Cryptos ended the week higher led by Ethereum…
Source: Bloomberg
Commodities were mixed with Crude and copper soaring as PMs tumbled (despite the weak dollar)…
Source: Bloomberg
And finally, “SURPRISE!” – The Citi US Macro Surprise Index exploded in its v-shaped manner today after the stunning (birth/death adjustment-enabled) jobs beat…
Source: Bloomberg
And while May was the month of overnight gains, June has seen the market rise during the night… and day…
