Deaths (and Cases) from the Covid-19 virus exploded higher this week…
And so did global stocks…
As hope for renewed liquidity has maintained stocks…
Source: Bloomberg
Spot The Odd One Out!
And while stocks surged, bonds, commodities, yuan, and cryptos are all ignoring the equity market’s “risk-on” panic-bid…
Source: Bloomberg
“It’s a mad mad world”…
Chinese stock market indices were all higher on the week but have largely gone nowhere for the last three days…
Source: Bloomberg
European markets were all higher on the week (despite a total bloodbath in economic data)…
Source: Bloomberg
US market were mostly higher with Trannies the laggards and Nasdaq the major winners…
Source: Bloomberg
Today’s closing ramp saw machines lift the dow back to its VWAP…
Source: Bloomberg
Defensive stocks outperformed cyclicals this week…
Source: Bloomberg
Treasury yields tumbled today as the long bond was bid back to green on the week…
Source: Bloomberg
30Y ended the week where it started, not buying the hype from stocks…
Source: Bloomberg
The yield curve is stuck right at the inversion line…
Source: Bloomberg
The dollar was flat on the week (after its biggest weekly rise since Aug 2018 last week)
Source: Bloomberg
Cryptos exploded higher this week…
Source: Bloomberg
Bitcoin holding firm above $10,000…
Source: Bloomberg
And Ethereum surged back above $275 – to its highest in 7 months…
Source: Bloomberg
And while crude surged on the week (OPEC hopes), gold was also safe-haven bid…
Source: Bloomberg
Gold was strong this week…
And while oil was also positive, it is once again struggling at resistance…
As global negative-yielding debt resurges once again on virus fears, so the relative attractiveness of gold and crypto are renewed…
Source: Bloomberg
Finally, this is just funny shit…
Source: Bloomberg
And Global shipping data and Dr.Copper both think it’s about to hit the fan and is not pricing in any v-shaped recovery anytime soon…
Source: Bloomberg
And for anyone who still thinks China has it all under control!!!
Whatever you have done, or whoever you are , do you deserve being treated like this? One of the many scenes in #China during #CoronavirusOutbreak 一场#武汉肺炎 疫情,将多少的丑陋展现在世人眼前。#新冠肺炎 #全民反抗 #全民自救 #全民互救 pic.twitter.com/PG6rJyl2a2
— 曾錚 Jennifer Zeng (@jenniferatntd) February 14, 2020