Homebuilders have surged to the best performing sector off the debt-ceiling-debacle lows now (up a stunning 8.3%) despite a mixed bag of performance today with Trannies once again (10th of the last 11 days) surging to new all-time highs (as Oil prices slide further south). This is the best 11-day run (+9.9%) for the Dow Transports since June of last year. Treasury yields rose modestly once again (despite SocGen's threat of moar QE next week) but remain 3-6bps lower on the week. Gold and Silver had another solid day (+2.3% and 3.6% respectively on the week). The USD flatlined (-0.5% on the week) with EUR strength continuing (and CAD and AUD weakness continuing).
Homebuilders take over the top spot in the last 10 day's rally exuberance…
The Dow Transports just continue to soar…
Treasuries continue to limp higher in yield amid very low volumes…
Gold and Silver continues to rise – now at one-month highs…
Overall the USD was flat but JPY crosses seemed to be the mean-revrting asset of choice today (again…
Oil prices continue to collapse…
making us wonder – what changed in the summer of 2012? 😉
Credit remains far less sanguine (and this afternoon's Fed comments sparked further weakness)…
Charts: Bloomberg
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/DTlM_a8y2KI/story01.htm Tyler Durden