It is the 27th of April 2017

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Stocks Shrug Off Dismal Data, Hawkish Fed; 'Animal Spirits' Soar To Record High

Reflecting on the week - a week that saw 7 Fed speakers go full hawktard and drive rate hike odds at a pace never seen before, a week in which hard data tumbled to pre-election lows as 'soft' surveys all hit record highs, a week in which Small Cap stocks tumbled red (but but but they're domestic focused) as bank stocks soared, a week in which The Dow spiked to 21,100 on the back of the biggest retail ETF inflows in 3 years, and a week that saw a virtual currency's price top gold's for the firs time ever - we thought this was appropriate... (NSFW!!)

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Stocks Soar To Record Highs As Hawkish Fed, Dovish Trump Spark Bond Bloodbath

Just to clarify - Trump said nothing new at all - and added no detail, another major US retailer blew up, 'hard data' disappointed (soft surveys gained), Fed speakers were the most hawkish since Volcker, and The Dow soars 350 points to top 21,100... makes perfect sense...

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Stocks Soar To Record Highs As Hawkish Fed, Dovish Trump Spark Bond Bloodbath

Just to clarify - Trump said nothing new at all - and added no detail, another major US retailer blew up, 'hard data' disappointed (soft surveys gained), Fed speakers were the most hawkish since Volcker, and The Dow soars 350 points to top 21,100... makes perfect sense...

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Can 'Soft' Become 'Hard'? - RBC Explains The Market's "Longer-Term Battle"

The last few days have seen the yawning chasm between 'soft' survey and confidence data (soaring) and 'hard' real macroeconomic data (tumbling) widen still further.

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