Bonds, Bitcoin, & Bullion Bid As 'Quarantative Easing' Hopes Send Stocks Soaring Deaths (and Cases) from the Covid-19 virus exploded higher this week... And so did global stocks... As hope for renewed liquidity has maintained stocks... Source: Bloomberg Spot The Odd One Out! And while stocks surged, bonds, commodities, yuan, and cryptos are all ignoring the equity market's "risk-on" panic-bid... Source: Bloomberg "It's a mad mad world"... Chinese stock market indices were all higher on the week but have largely gone nowhere for the last three days... Source: Bloomberg European markets were all higher on the week (despite a total bloodbath in economic data)... Source: Bloomberg US market were mostly higher with Trannies the laggards and Nasdaq the major winners... Source: Bloomberg Today's closing ramp saw machines lift the dow back to its VWAP... Source: Bloomberg Defensive stocks outperformed cyclicals this week... Source: Bloomberg Treasury yields tumbled today as the long bond was bid back to green on the week... Source: Bloomberg 30Y ended the week where it started, not buying the hype from stocks... Source: Bloomberg The yield curve is stuck right at the inversion line... Source: Bloomberg The dollar was flat on the week (after its biggest weekly rise since Aug 2018 last week) Source: Bloomberg Cryptos exploded higher this week... Source: Bloomberg Bitcoin holding firm above $10,000... Source: Bloomberg And Ethereum surged back above $275 - to its highest in 7 months... Source: Bloomberg And while crude surged on the week (OPEC hopes), gold was also safe-haven bid... Source: Bloomberg Gold was strong this week... And while oil was also positive, it is once again struggling at resistance... As global negative-yielding debt resurges once again on virus fears, so the relative attractiveness of gold and crypto are renewed... Source: Bloomberg Finally, this is just funny shit... Source: Bloomberg And Global shipping data and Dr.Copper both think it's about to hit the fan and is not pricing in any v-shaped recovery anytime soon... Source: Bloomberg And for anyone who still thinks China has it all under control!!! Whatever you have done, or whoever you are , do you deserve being treated like this? One of the many scenes in https://twitter.com/hashtag/China?src=hash&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); during https://twitter.com/hashtag/CoronavirusOutbreak?src=hash&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); 一场#武汉肺炎 疫情,将多少的丑陋展现在世人眼前。https://twitter.com/hashtag/%E6%96%B0%E5%86%A0%E8%82%BA%E7%82%8E?src=hash&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); https://twitter.com/hashtag/%E5%85%A8%E6%B0%91%E5%8F%8D%E6%8A%97?src=hash&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); https://twitter.com/hashtag/%E5%85%A8%E6%B0%91%E8%87%AA%E6%95%91?src=hash&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); https://twitter.com/hashtag/%E5%85%A8%E6%B0%91%E4%BA%92%E6%95%91?src=hash&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); pic.twitter.com/PG6rJyl2a2 — 曾錚 Jennifer Zeng (@jenniferatntd) https://twitter.com/jenniferatntd/status/1228419572749012993?ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); Tyler Durden Fri, 02/14/2020 - 16:01