Thursday, February 18, 2016

"Sumamabitch!!!" aka. Terminal Idiocracy

Bonds, carry trades, and oil are all in RISK OFF mode, only stocks are in Buy the collapse mode...

The crude oil inventory "drawdown" reported by the American Petroleum Institute yesterday was false. The government reported today that there was ANOTHER build in U.S. crude inventories. Another bogus rally down the drain...

Bonds are making stocks look dumb as usual:

Bond yields: