Seriously…Must keep it together thru the Black Friday weekend!
15 Straight days up… The longest winning streak since 1996. Nothing to see here, move along… (the last time Small Caps rose for a longer streak was March 1988) (best 3 week gains since March 2009)
The week was.. well easy..
Even after 3 weeks of incessant buying there was nothing to stop the panic bid into the close…
The long-end of the Treasury curve rallied this week, with the 30Y Yield ending down 1bps (short-end up 7bps)…
As the Treasury yield curve collapses to near 3-month flats…
Yen and Yuan led the weakness that sent the USD higher once again…
The Onshore Yuan has gone 16 days without a notable gain against the USD (weakening for 6 of the last 7 weeks), seemingly catching down to the trade-weighted basket's drop…
Gold and Silver suffered as safe-havens were abandoned (as USD surged) and India gold import bans weighed them down…Gold's worst 3-week run since July 2013 (taper tantrum)
Crude gave the week's gains back as hopes of a deal floundered…
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