The USD is bid; Treasury Bonds are being abandoned; the 10/24/13 Bill remains lost though; but stocks are entering escape velocity. S&P 500 has screamed 15 points higher (no surprise given Nanex noted that S&P 500 futures had the lowest liquidity of the year for this time of day prior to the rumor) and the Russell 2000 has broken back to new all-time highs (why not). Of course JPY-crosses are largely responsible for the knee-jerk move and we wait to see if this becomes a sell the news moment (or for Boehner's denial)... Commodities are not moving much for now.
The Russell 2000 "growth is awesome" ETF has hit its all-time high...
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and S&P futures went vertical but are giving bacxk some of the gains now...
and if you wondered who was buying... wonder no more... it's all about the JPY carry trade!!
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Charts:Bloomberg