After that week, we suspect more than a few FX traders feel the same way…

Let’s get a little context before we start – this is the most overbought (by a bloody mile) that US equities have ever been…

And…98% of global equity markets trading above 50 & 200 day moving averages.

This is the best start to a year for the Dow and the S&P 500 since 1987…

While Nasdaq is 2018’s big winner, this is only its best start to a year since 2004. S&P, Dow, & Nasdaq have only seen 4 down days in 2018

On a side note, China’s H-share index broke its record daily streak this week, but…with its seventh week of gains, the Chinese index reaches its longest run of gains since October 2010.

Today was pure panic-buying euphoria…

On the week, Trannies suffered as Airlines crashed (Transports worst week in over 3 months)…

This is the 4th weekly gain in a row for the S&P 500, Dow, and Nasdaq (and 9th of the last 10 for Dow and S&P)

Having surpassed Goldman’s 2018-Year-End Target of 2850, at 2863, the S&P becomes the 2nd largest US equity bull market of all-time, and BofA’s Q1 target.

For a brief few panic-buying minutes there, Nasdaq actually went vertical on massive volume as the machines ran it up to 7500!!

A VIX Close above 11.27 for the week would be the 3rd week in a row of gains for both VIX and the S&P 500 (something that hasn’t happened since Feb 2013 and has only happened 5 times in history before – always followed by equity weakness)… everyone’s buying calls.

A stunning week for Tech with AAPL plunging and FANGs surging… (NOTE this is the biggest weekly divergence between the two since FANGs started trading – bigger than April 2016)