Dow Over 18,000: Stocks Surge To Record-est Highs, Bond Bloodbath Ensues

Hhhmmm....

1000 Points in 5 days... Dow 18,000... All-Time Record-er Highs... Best GDP In 11 Years... Shitty Durable Goods... Treasuries Crash... Crude Surges... Biotechs battered

What Tepper is worried about...

which fits with Yellen's guidance for rate lift off...

5-Day run in stocks is best in over 3 years...

Nasdaq underperformed today... and Trannies led (now they like higher oil prices?)

Spot the odd one out...

Weak close as Ebola headlines were spotted...

Nasdaq weakness led by Biotechs.... which are now unchanged from FOMC

Treasuries dumped today as GDP boxes Fed in even more... worst day for 30Y yields since July 2013

As 2Y Yields highest since April 2011...

USDJPY was tick foir tick with stocks today having caught up... as did Treasuries...

The USD rose into the US open then stabilized - up 0.5% on the week... of course JPY weakness pumped stocks (down 1% against USD on week)

WTI bounced back briefly into the green; copper slipped lower as gold and silver trod water...

Since The FOMC, Gold and Silver are down 1.5 to 2%...

Crude stuck in a range... Tagged $57 briefly and dropped...

It's all becoming just a little too easy and predictable...

With the wind down of the record 2014 trading slump now in its final days (although judging by volumes throughout the year one may have a difficult time noticing just when the holidays began and ended), the already entertaining zero-liquidity market moves are sure to provide further amusement today in the context of the US economic data bonanza on deck, which includes Durable Goods, GDP, Personal Income and Spending, Richmond Fed, UMich, and New Home Sales. Beat or miss, all of the above are guaranteed to send the S&P to higher recorder highs because in the multiple-expansion euphoria blow-off top phase nobody cares about such trivia as fundamentals or the economy, especially when Japan and Germany are about to monetize all of their gross issuance. Just remember to occasionally keep an eye on the preferred rigging correlation pairs: the USDJPY and the VIX, whose every illiquid jerk will be followed by Citadel & NYFed's algos tic for tic.

Don't you think?

Charts: Bloomberg

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