Global Stocks Set For Best Month Ever As Dollar Dumps Near 3-Year Lows
Tyler Durden
Wed, 11/25/2020 – 13:00
With just a few days (of illiquid markets) to go, global stocks (MSCI World) is set for its greatest monthly return ever…
Source: Bloomberg
As the dollar dumps to its weakest against its fiat peers since April 2018…
Source: Bloomberg
Small Caps are outperforming this week (continuing an enormous month); Nasdaq is lagging but still up 2% this week…
The Dow is also having its best month since Jan 1987…
Source: Bloomberg
Which sent “Extreme” greed to “Extremer” greed…
This is easy!!
Small Caps have dominated mega-tech this month… but did they stumble at resistance?
Source: Bloomberg
Energy stocks gave a little back today but remain up yuuuge in November. Utes are the laggards but are also up on the month…
Source: Bloomberg
Momentum staged a very small comeback relative to value today, but it’s been an ugly month…
Source: Bloomberg
Treasury yields fell today but remain modestly higher on the week (2y unch, 30Y +8bps)…
Source: Bloomberg
Bitcoin was modestly lower on the day, back below $19,000, but still up large on the week…
Source: Bloomberg
Its been an ugly month for PMs as copper and crude exploded higher… hope!
Source: Bloomberg
Gold futs managed to bounce off their 200DMA and back above the $1800 level…
WTI surged back to almost $46 today – its highest in 8 months…
Finally, we note that investors should really be giving thanks to just one ‘thing’ this holiday… Global Central Banks!!
Source: Bloomberg
The best month ever for global stocks on the back of $14 trillion in global liquidity pukage for the last few months.
And you should probably ignore this too…
Source: Bloomberg
Oh and Maradonna died… I guess the ‘hand of god’ finally caught up with him.
Have a great Thanksgiving.
via ZeroHedge News https://ift.tt/2KHn6N1 Tyler Durden