{"id":54503,"date":"2020-07-31T18:34:49","date_gmt":"2020-07-31T23:34:49","guid":{"rendered":"https:\/\/olduvai.ca\/?p=54503"},"modified":"2020-07-31T18:35:06","modified_gmt":"2020-07-31T23:35:06","slug":"mission-accomplished-fed-officially-blows-the-biggest-ever-bubble","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=54503","title":{"rendered":"Mission Accomplished: Fed Officially Blows The Biggest Ever Bubble"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.zerohedge.com\/markets\/silver-soars-best-month-79-dollar-dumps-most-decade\">Mission Accomplished: Fed Officially Blows The Biggest Ever Bubble<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Mission Accomplished:<\/p>\n\n\n\n<figure><iframe allowfullscreen=\"true\" class=\"\" src=\"https:\/\/platform.twitter.com\/embed\/index.html?dnt=false&amp;embedId=twitter-widget-0&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1289291267810013184&amp;lang=en&amp;origin=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fsilver-soars-best-month-79-dollar-dumps-most-decade&amp;siteScreenName=zerohedge&amp;theme=light&amp;widgetsVersion=223fc1c4%3A1596143124634&amp;width=550px\"><\/iframe><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Stocks managed gains on the month (4th month in a row) &#8211; Nasdaq best, Dow worst&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfm76B7.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/bfm76B7.jpg?itok=sYlQEUJf\"><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Bloomberg<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And note that despite the epic surge in the mega tech stocks overnight&#8230; Yes, that is AAPL up 10%!! (GOOGL -4%)&#8230;MSFT&nbsp; managed to rally back to unch after rumors of it buying TikTok&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-07-31_12-34-58.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2020-07-31_12-34-58.jpg?itok=iQ_NLBIX\"><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Apple is up $170BN today,<\/strong>&nbsp;more than the market cap of Oracle, more than the GDP of Hungary; Apple&#8217;s value increase today would be the 33rd biggest company in the S&amp;P500.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nasdaq was not a one-way street today as CNBC stunningly remarked&nbsp;<strong><em>&#8220;nasdaq has now gone negative which is quite interesting&#8230;&#8221;<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-07-31_12-16-27.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2020-07-31_12-16-27.jpg?itok=fGCzHYCq\"><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And you have to laugh at this &#8211; The Dow scraped by today&#8230; as AAPL&#8217;s insane squeeze higher dominated the rest of the entire index&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfm489B.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/bfm489B.jpg?itok=vsSlROu4\"><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Bloomberg<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">but that will change when AAPL splits.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>BUT, it was in currency, commodity, credit, and crypto land that the real fun and games took place.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bonds were bid pretty much all month with the long-end notably outperforming&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfm8BFD.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/bfm8BFD.jpg?itok=mHvF-GAf\"><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Bloomberg<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>&#8230; and pushing to new record low yields&#8230;<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfm4B60.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/bfm4B60.jpg?itok=t4CbfFYf\"><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Bloomberg<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some highlights:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>2Y Treasury yields fell for the 8th month in a row<\/strong><\/li><li>30Y Treasury yields fell for the 5th month this year<\/li><li><strong>2s30s Curve flattened by the most since August 2019<\/strong><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfm5812.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/bfm5812.jpg?itok=lGSCVJbh\"><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Bloomberg<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Still a long way down for stocks if bonds are right&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfmF0A6_0.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/bfmF0A6_0.jpg?itok=SilYEe9g\"><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Bloomberg<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gold and silver screamed higher on the month.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Silver&#8217;s best month since 1979 (when the Hunt Brothers tried to corner the market)<\/strong><\/li><li><strong>Gold&#8217;s best month since 2011<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Spot Gold reached a new record<\/strong>&nbsp;above Sept 2011 and Futures topped $2000&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfm77E2.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/bfm77E2.jpg?itok=pOkAH6Qb\"><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Bloomberg<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Silver&#8217;s at its highest since June 2013&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfmB66E.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/bfmB66E.jpg?itok=erSYalf8\"><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Bloomberg<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Oil&#8217;s up for the 3rd month in a row, but has largely trod water all month&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfmCF7C.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/bfmCF7C.jpg?itok=2kxgeZ0w\"><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Bloomberg<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/bfm7578.jpg?itok=6ygz2Kk5\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mission Accomplished: Fed Officially Blows The Biggest Ever Bubble Mission Accomplished: Stocks managed gains on the month (4th month in a row) &#8211; Nasdaq best, Dow worst&#8230; Source: Bloomberg And note that despite the epic surge in the mega tech stocks overnight&#8230; Yes, that is AAPL up 10%!! (GOOGL -4%)&#8230;MSFT&nbsp; managed to rally back to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1806,4318],"class_list":["post-54503","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bubble","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54503"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54503\/revisions"}],"predecessor-version":[{"id":54504,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54503\/revisions\/54504"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}