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MAY 09, 2014 - Zero Hedge

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The Russell Is Red, The Dow Is Green, And The Steepening In Bonds Just Has To Be Seen

Every day this week saw early weakness (the dump) succumb to a rampathon (pump) but as those dump-and-pumps progressed the gap between small-cap/high-beta and large-cap/blue-chip widened and widened. The Russell (and the S&P) had its worst week in a month but the Dow (and just Trannies) managed to close the week green and new record highs. Homebuilders were the worst sector on the week (-2.5%) and Staples best with a modest gain. Away from stocks, the USD surged 0.55% on the week (its biggest jump in 7 weeks) led by EUR weakness (250 pips on Draghi promise). The biggest news was in ... Read More

Tags: The Russell Is Red, The Dow Is Green, And The Steepening In Bonds Just Has To Be Seen,  Staples Latest News