Just “buy” – everyone else is… what could go wrong?

Video length: 00:00:59

It’s been an interesting year so far… equities are unstoppable, the dollar is tanking, gold is soaring, and bonds are tumbling…

This is easy… US Equities have ‘suffered’ only one down day in 2018 so far (in fact Trannies haven’t seen one down day)…

BTFD!!

Putting this move in context:

“Never gonna let you down”

The Dow is up 1060 points in 2018 – 5 names account for more than half those gains (BA, CAT, IBM, MMM, and UTX added 555 points!)

VIX traded back above 10 today again, rising with stocks, and VIX has entirely decoupled from stocks…

Banks had a good week (despite dismal earnings) but Wells ended red…

Facebook took the shine off Nasdaq a little today, tumbling after Zuck’s censorship comments…

But thanks to panic-buying in NFLX and AMZN, FANG Stocks exploded higher off-the-lows today…

And while stocks are surging, Treasuries are tumbling – suffering the biggest total return loss since 2006… (worst 2 week drop in 3 months)…

Yields ended the week higher across the curve, but look at the strength in the long-end the last 3 days…

After steepening dramatically after the China headlines, the yield curve collapsed back flatter to end the week unchanged…

2Y Yields topped 2.00% for the first time since Sept 2008…