Dismal Data Sparks US Dollar Dump - Everything Else Rips On Record Week


US Macro Surprise data declined for the sixth straight week... to its weakest since January 2023...

Source: Bloomberg

But that 'bad news' prompted a run to record highs for risky stocks...

Source: Bloomberg

So the VIX, USD and Treasury yields were all down while Bitcoin, Oil, Gold and Silver all outperformed.

Finally, how much longer can the market (and The Fed) ignore the surge in inflation surprise data and just watch the de-growth with blinkers on?

Source: Bloomberg

Hoping that the 'bad news' is all that matters to lift rate-cut hopes isn't much of an investment strategy...

Happy Monday

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