Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Trump Utters The Magic Word (Again) And The Dow Surges Above 26,000 (Despite VIX Spike)

Wednesday, February 15, 2017 14:47
% of readers think this story is Fact. Add your two cents.

Surging inflation, plunging real wages, jumping mortgage delinquencies, and record crude and gasoline inventories… then Trump drops the ‘t’ word and the market melts up…

Intraday, March rate-hike odds hit 46%, seemingly surging off “off the table” levels before the week began…

Record all-time highs across everything…

It’s all banks all the time…

The Dow topped 20,600 – even as VIX spiked above 12…

The S&P 500 is up 7 days in a row – the longest streak since Sept 2013…

The VIX-S&P decoupling is growing wider…

Chatter of a major liquidation of S&P call spreads – which fits with the collapse of the VIX term structure – VIX jumping as VXV tumbles)

S&P 500 Price to Book is now well over 3.00x – well above the 2007 peak valuation….

Bonds were battered again on data then rallied back…

As it seems 3.10% is a cap for now on 30Y…

The Dollar Index began the day rising for the 11th straight day – the longest winning streak since 2012 – but after spiking higher on surging inflation, the USD tumbled all day (weak IP, weak mortgage?)

AUD and Yuan strength were the biggest weights on the dollar…

RBOB and WTI dumped (correctly) on record inventories, then algos panic-bid them before they plunged again…

Silver and Gold rallied back to unch on the week (as the dollar faded) but crude and copper faded…


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.