The last few months have seen the dollar dive and crypto thrive…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfm7D39.jpg?itok=_mZsG1zR)
Source: Bloomberg
And the last few days have been no different…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfm7761_0.jpg?itok=rCfGKcll)
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfm8008.jpg?itok=rXjJ2dfi)
Source: Bloomberg
With bitcoin helped overnight by the Koreans (the Kimchi premium tagged zero then soared)…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/2021-04-26_8-51-37.jpg?itok=90E-BdGL)
Joe Lonsdale, Palantir co-founder explained succinctly why crypto is performing so well (and perhaps why the dollar is not so much)…
“Bitcoin is a bet against a centralized financial system run by crazy people… it is a bet that the emperor has no clothes.”
Echoing Kyle Bass’ infamous comments about gold from a decade ago…
“Buying gold is just buying a put against the idiocy of the political cycle. It’s That Simple”
For now, it seems the market has a preference for one over the other (or one is being suppressed, take your pick)…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfmD003.jpg?itok=3MqP5smp)
Source: Bloomberg
Although the last week or two have seen that swing back the other way a little…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfmD9B5.jpg?itok=QE_i1oyV)
Source: Bloomberg
Away from that malarkey, Small Caps outperformed Big-Tech for the 4th straight day as all major US indices but the Dow managed gains today…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/2021-04-26_12-59-47.jpg?itok=n180fEEd)
At 1530ET, all hell broke loose in stock land with a sudden, massive-volume puke that came out of nowhere…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/2021-04-26_12-41-03_0.jpg?itok=lUZBW42L)
This was a major sell program…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfmBCF.jpg?itok=GnjTiyWx)
TSLA (whose earnings are tonight) went just a little bit turbo during that period too (ARKK was up over 3% today)…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/2021-04-26_12-56-19.jpg?itok=Ug7z2F3m)
DISCA (think Archegos) surged during this broad index puke.
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/2021-04-26_12-55-46.jpg?itok=bamyeaPA)
After stopping perfectly at January’s lows, Small Caps have surged higher relative to Mega-Cap DJIA in the last week or two…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfm6C91.jpg?itok=CtnbkVdm)
Source: Bloomberg
Growth outperformed Value today
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfmCCB9.jpg?itok=SbY9sPIP)
Source: Bloomberg
Despite equity gains, Treasuries ended the day practically unchanged…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfm7B45.jpg?itok=ZNSKgyFy)
Source: Bloomberg
10Y Yields remain in a very narrow range…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfm1943.jpg?itok=kzZUdwQJ)
Source: Bloomberg
Bitcoin wasn’t the only crypto to see a huge rebound. Ether surged from below $2200 to over $2500…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfm3DEF.jpg?itok=4X0MBY_1)
Source: Bloomberg
ETH is hovering near its highs relative to BTC from February…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfm8276.jpg?itok=9Vq5kHp4)
Source: Bloomberg
After Friday’s clubbing, (and this morning’s smaller slam), gold managed gains on the day…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/2021-04-26_12-05-36.jpg?itok=rkjZyeQC)
Oil prices ended lower, despite a wild intraday swing…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/2021-04-26_12-12-05.jpg?itok=4JQWs6GY)
Finally, the price of agricultural commodities is literally exploding…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfm542_0.jpg?itok=gC_s3wD_)
Source: Bloomberg
“Transitory” of course!
And financial conditions have never… ever… been this easy…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfmB9E4_0.jpg?itok=-bvpArtH)
Source: Bloomberg
How much longer are you going to enable this Mr.Powell? Perhaps Mr. Lonsdale is right – “crazy people” are running the system.60
![](https://bankstercrime.com/wp-content/uploads/2020/01/Bankster-Logo-2.png)