Late-Day Panic-Buying Sends Dow To Longest Record Streak In 30 Years
Millions of investors cried out today…
“Pause that refreshes” or “Time to panic”?
Of course utter panic buying into the close ensure a green close and an 11th record in a row – the longest streak in 30 years – because everyone knows stocks don’t close red into the weekend –
The Dow went green for the first time of the day with 17 seconds to the close!
But this was the 3rd up-week in a row for The Dow (and 5th up-week in a row for the S&P and Nasdaq). Biggest weekly drop for Small Caps in 5 weeks
After 15 straight days higher, the S&P tech sector suffered its biggest decline of the year…
Financials worst day in 5 weeks, Goldman worst day in Feb, worst week in 5 weeks…The Big Banks were all red on the week…
Stocks and Bonds are both up 5 days in a row…
This is the 6th day in a row that The Dow and the Long Bond have risen in price together… equal record longest streak (1989 and 1994)
But while stocks actually having a down day was briefly possible, it was precious metals that stood out…
Gold rose above $1250 this week for the first time since the election – Gold is up 8 of the last 9 weeks… Silver is up 9 weeks in a row, back above its 200DMA – longest streak since May 2006
Bitcoin hit a new record high…
Crucially, anxiety in Europe – ignored by most – has sparked panic bids into short-dated German paper
Dragging global DM yields lower across the curve…
Leaving Treasuries ‘cheapest’ to Bunds since 2000…
Even as 10Y yields tested 3-month lows…
This was the 10Y Bond Future’s best week since June 2016…
The Dollar dropped on the week – the 7th weekly drop of the last 9…
Yen was the biggest driver (stronger against the greenback) but we note Cable had been until it tumbled today…
Copper was clubbed but bounced back, Precious metals were the week’s big winners…
* * *
As we asked earlier… Who’s Right?
The 30Y Yield just dropped back below 3.00% once again and 10Y is back at February lows – what happens next?
Despite the exuberance of hope, protection is heavily bid…
And if Utility stocks’ demand is anything to go by, bond yields have a long way to fall…
Finally – absent the hope-strewn soft-survey data, ‘hard’ data has decidedly deteriorated…
So who’s right? Stocks… or VIX and Bonds and Real macro data?
Source: http://silveristhenew.com/2017/02/24/late-day-panic-buying-sends-dow-to-longest-record-streak-in-30-years/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,707,714,656 |
| Stories: | 8,448,379 |
Whistler Blowers, Insiders
