Fra Zerohedge:
The S&P 500 rallied to new all-time record highs…
S&P Prior Record Closing High 3025.86 (3027.98 intra)
On the heels of yet another major short-squeeze…
Source: Bloomberg
While the S&P makes new highs, the median stock is making lower highs…
Source: Bloomberg
Microsoft and Amazon shares diverged notably after hours on Friday, after the former won the DoD’s JEDI contract the latter’s expense, but as the US equity market opened, the machines bid AMZN back up…
PG&E shares collapsed even further as millions of Californians remain without power…
And PG&E bonds were a bloodbath…
Source: Bloomberg
Equity and credit protection costs are collapsing…
Source: Bloomberg
Treasury yields were all higher on the day with the long-end notably underperforming…
Source: Bloomberg
30Y is back at 2.35% – its highest since before the September FOMC
Source: Bloomberg
The yield curve (3m10Y) steepened dramatically today, shifting to the phase of imminent recession in the past…
Source: Bloomberg
The dollar chopped around into the US open but ended the day lower…
Source: Bloomberg
Cryptos all soared over the weekend…
Source: Bloomberg
With Bitcoin exploding from below $7,500 to over $10,000 at one point…
Source: Bloomberg
Despite a drop in the dollar, oil and PMs had an ugly day after Trump promised a good day for stocks…
Source: Bloomberg
WTI fell on a report from Genscape that Cushing stocks likely rose this week
Gold broke back down below $1500…
Palladium tops $1800 for first time ever
Source: Bloomberg
Finally, we note that overnight repo liquidity demands continue at extreme levels…
Source: Bloomberg
As US economic data continues to disappoint after Q3’s “use it or lose it” government spend-fest surge…
Source: Bloomberg
