It is the 30th of April 2017


Shorts Smoked - Stocks End 'High' As Dollar Dumps'n'Pumps

Despite tumbling soft data and disappointing earnings data...

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Big Blue Batters Dow To 2-Month Lows As Crude Crashes

No macro today but excuses galore for Goldman's weak quarter and why we should just ignore IBM... Fed's Rosnegren talked up the reduction of the balance sheet and that didn't help...

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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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