Exactly one week ago, Trump repealed Dodd-Frank, so gamblers have had this entire week to double down on their collapsing reflation fantasy...
This week, U.S. crude inventories had their second largest increase in history. So historically leveraged crude futures were bid on the news. Whereas Energy stocks were not quite as sanguine.
Any questions?
The historically leveraged short bond trade took a break from collapsing, shown here with Goldman Sachs:
The massively leveraged Russell 2000 small cap (aka. banks) had a mild bounce this week, while still underperforming the other major indices...
Russell/Dow ratio
The bankrupt Marine shipping stocks had a good week, even as the Baltic Dry Index collapsed all week...
Despite Trump's best efforts to implode retail via his border adjustment tax scheme lowering corporate taxes at the expense of the middle class, retail bounced this week
Led by none other than Sears. What else?
Up 38% at the open today. Can you see it?
Speaking of retail, consumption sentimentality finally imploded this week (red line), even as retail bounced off its trendline...
The massively crowded dollar trade bounced this week, nevertheless, USDJPY wants to go home, since there's no actual reflation in Trump's reflation...
Here is the S&P priced in JPY:
Bueller?
But don't tell anyone there's no reflation, because it's a secret kept from blind fucktards, and their trusted financial advisors (black line):
The world's most systemically risky bank broke its trendline this week, completely ignored of course...
And of course, historically leveraged stock market complacency (VIX) reached the exact same level it hit the last time the world markets began to implode in 2014...
Check.
