S&P Jumps Above Record High After $9 Trillion Global Liquidity Tsunami

Featured Story

$9 trillion in additional global liquidity (from $79 to almost $88 trillion since the March lows)…

Are we Drowning in liquidity?

Pushed the S&P above its prior record closing high (3386.15 from 2/19/20) but could not hold it…

Because it sure isn’t being driven by fun-durr-mentals…

Source: Bloomberg

The recent Momo/Value rotation is over…

Source: Bloomberg

Growth surged today, erasing the losses of the last three days…

Source: Bloomberg

And that was evident in today’s rip higher in Nasdaq and big laggard Small Caps…

Small Caps weakness today in the face of tech’s resurgence sent AAPL to a new record high relative to the entire Russell 2000..

Source: Bloomberg

TSLA shares soared a ridiculous 15% after announcing a 5-for-1 stock split… just fucking idiotic!!!

Europe’s Stoxx 600 surged today, back above its 200DMA…

Source: Bloomberg

Treasury yields rose for the 4th straight day (up around 2-3bps across the curve, but notice that it chopped around in a small range for most of the day)…

Source: Bloomberg

With 10Y Yields closing above their 50- and 100-DMA

Source: Bloomberg

As far as inflation expectations are concerned, the pandemic is apparently over. After today’s data, the 10-year breakeven spiked to 1.67%. That’s the highest it has been since mid-February, before the March Covid-19 collapse.

Source: Bloomberg

The dollar ended the day lower, sold from the European open…

Source: Bloomberg

Bitcoin bounced today…

Source: Bloomberg

Real yields led gold higher…

Source: Bloomberg

Silver rebounded from weakness in early Asia trading…

Silver’s chaos of the last couple of days sent SLV (the Silver ETF) to the steepest discount to NAV since Lehman (Oct 2008)…

Source: Bloomberg

Elsewhere in commodity-land, there was this chaos in NatGas ETNs

And Lumber Futures soared above $700, a new record high…

“We had to pay three times the price,” Ron Woods, the owner of Firehouse Builders said.

“The explanation they had for us was that COVID-19 shut down the plants that treat the wood, and that finally caught up.”

Source: Bloomberg

Finally, just another reminder…

Source: Bloomberg

Now that fear has been fully removed…As Bloomberg detailed, concern about the prospects for U.S. stocks has dropped to a level last seen almost 20 years ago, according to one option-based indicator. The gauge is a 50-day moving average of the ratio between company-specific put and calloptions, as compiled by Cboe Global Markets, and was cited Tuesday in a Twitter post by the SentimenTrader blogMonday’s reading was the lowest since October 2000, based on data compiled by Bloomberg.

Source: Bloomberg

“Even less extreme cases led to pullbacks/corrections” for stocks before, SentimenTrader wrote.

Source: ZeroHedge

StevieRay Hansen
Editor, BankstersCrime

God often uses men who are not of the best moral character. Pharaoh, Nebuchadnezzar, Cyrus, Herod, and Trump (amongst others), to accomplish His will in events He orchestrates during human history. We either trust the sovereignty of God or we don’t. Nothing happens apart from Him…

The best index to a person’s character is how he treats people who can’t do him any good, and how he treats people who can’t fight back…

The Birth Pains Are Growing Stronger….

One of the signs of ruling class collapse is when they can no longer enforce the rules that maintain them as a ruling class. When the Romans started making exceptions to republican governance, it was a matter of time before someone simply decided the rules no longer applied to them. Perhaps the robot historians will consider Obama our Marius or Sulla. Maybe that person is in the near future. Either way, the rule of law is over and what comes next is the rule of men.

“Don’t piss down my back and tell me it’s raining.” Outlaw Josey Wales

WE NOW LIVE IN A WORLD THAT IS PURE FABRICATION

BanksterCrime

Loading

Don't Miss

2/13/24: Jamie Dimon’s Statement Last Month that Trump “Was Kind of Right About NATO,” Sounds Even More Unhinged Today

By StevieRay Hansen

By Pam Martens and Russ Martens: Jamie Dimon Being Sworn In at House Financial Services Committee Hearing, May 27, 2021 On January 17 of this year, during…

Loading

Read More

2/12/24: The U.S. Treasury’s Financial Crisis Warning Bell Didn’t Ring Before the Repo Crisis of 2019 or This Year’s Bank Runs

By StevieRay Hansen

BanksterCrime: By Pam Martens and Russ Martens: The Office of Financial Research (OFR) is a unit of the U.S. Treasury Department. OFR was created as part…

Loading

Read More

2/9/24: The Bank Crash Is Near, NYCB Downgraded to Junk; Shocking Charts for Citigroup, Barclays and Deutsche Bank

By StevieRay Hansen

By SRH, Soon after the three bank failures, Joe Biden said “Americans can have confidence that the banking system is safe” and “your deposits will…

Loading

Read More

2/7/24, SRH: Reporters Who Ask Tough Questions at Fed Press Conferences Often Disappear. Don’t Mess With the Feds or You’ll Vanish!

By StevieRay Hansen

BY SRH: He Federal Reserve Recently Disclosed Its Preliminary Income and Expenses for 2023, Revealing an Unprecedented $114.3 Billion in Operational Losses. The Federal Reserve…

Loading

Read More

2/6/24: Jamie Dimon Has Spent $117 Billion Propping Up JPMorgan’s Share Price with Buybacks in 10 Years; He’s Counting on Trump’s MAGA Crowd to Rescue Him

By StevieRay Hansen

By Pam Martens and Russ Martens: February 5, 2024 ~ Jamie Dimon, Chairman and CEO of JPMorgan Chase On January 19, Jamie Dimon stunned CNBC viewers when…

Loading

Read More

StevieRay Hansen

In his riveting memoir, "A Long Journey Home", StevieRay Hansen will lead you through his incredible journey from homeless kid to multimillionaire oilman willing to give a helping hand to other throwaway kids. Available on Amazon.

Leave a Comment