Squeezenado Sends Stocks Soaring To 2016 Highs As Crude Crumbles
Remember, the stock market is not the economy... Collaping retail sales, soaring inventory-to-sales ratiosm and entirely fictitious China trade data...
Can mean only one thing...
Remember, the stock market is not the economy... Collaping retail sales, soaring inventory-to-sales ratiosm and entirely fictitious China trade data...
Can mean only one thing...
Submitted by $hane Obata
USD: Return Of The King
Falling oil prices, China growth fears, submerging markets, Brexit and Italian banks. All of those risks have one thing in common: They have not derailed the US economy. Despite concerns about a recession, it continues to grow at a steady pace. According to the Atlanta Fed, real GDP is expected to grow by 0.7% in Q1’16. That is not a great number; however, the series is extremely volatile.
sources: Bloomberg, @Not_Jim_Cramer
Nothing to see here, move along...
But but but the "great" jobs data... The dead-cat-bounce is over...
Trannies had a tough day...
He does it again pic.twitter.com/VxemrcowNf
— zerohedge (@zerohedge) March 31, 2016
The market ended red today...
But The Dow and The S&P ended Q1 in the green after a yuuge drop...
In fact this was the greatest comeback in the history of stocks... (Q1 2016's 11.3% drawdown is the biggest on record for a quarter that ended green)
Well that was a busy (no volume) day...But first some Easter Bunny fun...