Characteristically Surreal.

Another remarkable week for the economy and financial markets ended on a characteristically surreal note, as surging US equities competed for chyron space with highlights from the worst jobs report in American history. By the time the closing bell sounded, stocks were higher by 3.5% on the week. Oil logged a second consecutive weekly advance, the first two-week winning streak since February and only the second of 2020. Sporting a 28-handle, the VIX is now a mirror image of its March 16 self. I

Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today for as little as $7/month

View subscription options

Or try one month for FREE with a trial plan

Already have an account? log in

2 thoughts on “Characteristically Surreal.”

Working in Japan….what can go wrong….

Let’s see…

(1) Fed has commandeered the credit markets (all of them)

(2) Fed is working an infinite limit order for SPY, good til cancelled

(3) Any day now, Trump will start tweeting out make believe good news from the Manhattan Project regarding vaccine development progress (…but only on down days, of course)

(4) Mnuchin and Lighthizer will be FaceTiming Liu He every week, taking soy bean orders and trumpeting their progress 30 seconds after the Thursday initial claim releases.

Folks, BTFD is back and better than ever!