Take your pick – Good, Bad, or Ugly…

Video length: 00:06:16

Good:

The Dollar's best week in over 4 months

Silver's best week in 4 months

Bitcoin's best 2-week gain in 4 months

Not Good:

30Y Bond's worst week in 3 months

10Y highest yield close since Dec 2013

Semi stocks worst week in a month

Techs worst weekly underperformance relative to Banks in over 3 months

Gold's worst week relative to silver since Sept 2016

How about next week? Do you feel lucky?

Video length: 00:00:13

Odd week, all in all – major reversal midweek in many momentum strategies.

Growth was favored early in the week but rejected for value after Wednesday's open…

Tech was the early week leader over banks.. but then XTE's ban and Taiwan Semi's warning spoiled the party…

Since The Fed hiked rates in March, stocks notably underperformed bonds into the end of March – then stocks outperformed bonds since April began… until the last couple of days…

Mixed bag for the FANGMAN stocks…

Mixed picture for banks too… MS leading, GS lagging…

Ugly week for HY bonds – HYG tagged its 100DMA and rolled over…

Bonds and Stocks recoupled after two weeks of trying… (green – buy both, red – sell both, orange – buy stocks, sell bonds)