Recession stocks lagged badly as the financial cycle finally converged with the economic cycle...
USDJPY resumed its epic collapse
Deflation resumed its downtrend, and oil dutifully followed...
Junk bonds, Energy stocks (aka. Exxon), and Emerging Markets rolled over in the direction of oil...
Global financials resumed their weakness as the next rate hike was postponed until never...
Cyclicals enjoyed a good end of cycle short-covering bounce
Avis car rental:
Valero Refining
Macy's
Growth and momentum played catch-up sort of...
Skynet catapulted Big Cap Tech and still couldn't get the Nasdaq to a new high...
Complacency was rampant as the VIX hit the lowest level since last August
Skynet catapulted Big Cap Tech and still couldn't get the Nasdaq to a new high...
Complacency was rampant as the VIX hit the lowest level since last August
An entire year of risk totally ignored
"When you need that extra push over the cliff, where can you go? To 11. Exactly..."
