Some folks' stocks turmoiled but the message is clear...
Mixed bag on the week with Trannies tumbling most since Brexit, Dow outperforming on earnings beats, and tech weighing on Nasdaq and S&P...
Today's goal was to get the S&P green on the week and the instrument of choice was monkeyhammering the VIX again...BUT it failed!
Retailers and Energy stocks were best on the week and Utes worst...
Despite equity gains today, protection remained bid as VIX had its biggest weekly gain in 2 months...
Tobacco stocks got smoked...
FANG Stocks had their first down week in the last 4...
Jeff Bezos had an eventful week...
Treasuries ended the week higher (despite weak data, a dovish Fed) as we suspect the yuge ATT issuance and Risk-Parity deleveraging had an impact...
However, 30Y rallied back lower in yield today after GDP's miss...
The Dollar Index tumbled back towards the post-Fed lows today after bouncing yesterday... This was the lowest weekly close for the dollar since May 2015
WTI had its best week since the first week of Dec 2016, soaring almost 9% on the week...ending the week above its 200DMA just shy of $50...
Gold rose for the 3rd straight week - breaking through its 50-, 100-, and 200-DMA and back to pre-Fed Rate-Hike levels...
Once again 'hard' data is plumbing new lows as 'soft' survey data limps higher on a magic carpet ride of hope...
This is probably nothing...
Finally, this... blow-off top next week?