FAST FIVE: Another Day, Another Record High For Stocks And Deaths From Covid-19
Source: Bloomberg And in the US, only The Dow Transports remain red since the start of Covid-19.
Source: Bloomberg Dow Futures soared back to record intraday highs again today.
Source: Bloomberg For the 8th day in a row, the dollar was aggressively bid during the US session – after overnight weakness – as USD asset flows (see stocks and bonds) from offshore dominates any reality.
Source: Bloomberg Cryptos all rallied on the day with Ethereum leading the charge.
Source: Bloomberg WTI bounced back above $50 today – despite OPEC cutting demand outlook, record US production, and a huge crude inventory build.