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Markets move robotically higher, US creates fasteresterest super-computer ever-ever, Tudor's AI fund outperforms humans dramatically, Durant shows cyborgian features... It's here...

It's all green, all the way baby...

 

VIX tried its best to get back below 12...

 

Growth dominated value to start the week then factors reversed rapidly on Thursday morning as value dominated growth to end marginally higher on the week...

 

 

Wondering why stocks soared seemingly unstoppably this week, no matter what was thrown at them? Simple - it was the biggest short squeeze week in four months...

In fact, since the start of April, "Most Shorted" stocks have dramatically outperformed the S&P...

 

FANG stocks outperformed financials on the week but the last 3 days financials were the big winners...

But as US bank soared, Italian banks... did not...

 

Massive divergence occurring between US equity risk, IG risk, and HY risk...

 

And while US debt markets' saw a yield flash-crash which left them marginally higher on the week...

 

The biggest story of the week - which CNBC et al. barely even mentioned - was the huge liquidity suck out in US Treasuries on Thursday...

 

10Y Yields remained below 3.00% ...

 

The yield curve ended practically flat on the week...

 

Emerging Market debt tumbled back near its lowest since Feb 2016... after a brief dead cat bounce last week...

 

But US HY credit markets rebounded notably, even as Emerging Markets plunged...

 

The Dollar Index fell on the week for the first time in two months - though the trend is undeniably flat for the last 17 days...(1168, 1170, 1169, 1168, 1169, 1168, 1171, 1173, 1177, 1170, 1171, 1172, 1171, 1172, 1170, 1170, 1170...)

 

EM FX was ugly broadly speaking but as the Argentine Peso plunged today so the Brazilian Real resurged miraculously...

And in case you wondered - *BRAZIL TREASURY ACTS TO CURB VOLATILITY, NOT FIX PRICES:ALMEIDA

Cryptos ended the week in the green with Bitcoin Cash outperforming and Litecoin the laggard...

 

Even with the dollar marginally lower, oil still underperformed, as copper soared on supply scares...

 

Silver notably outperformed gold on the week...back to almost unchanged on the year...

 

But $1300 remains bid for the yellow metal...

 

Once again, just as reality was about to dawn, soft data surveys took off again this week (as hard data faded)...

 

Finally - today was all about the G6+1...ish