The USD is unchanged; Commodities are unchanged; and Treasury yields are up only 2-3bps... but that didn;t stop July 1st from being a banner day for US equity markets (on the back of missed PMI and ISM data). The Dow, Russell 2000, and S&P closed at record highs but sadly the Dow missed out on 17,000 by a mere 1.5 points (despite the best VIX and AUDJPY manipulation $189 billion of repo liquidity free money can buy [5]). Stocks got their start with yet another epic short squeeze at the open then ramped higher thanks to carry to record-er highs; stalling when it seemed Dow 17,000 was elusive. VIX traded with a 10-handle once again.
Stocks on the day...
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Led by a big short squeeze at the open...
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Dow 17,000 so close...
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And then there's this...
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The USD was unchanged...
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Though AUDJPY was in charge of stocks...
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Along with VIX....
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Treasuries crept modestly higher...
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And commodities closed practically unchanged (despite some chopy vol intrday)...
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Charts: Bloomberg
Bonus Chart: Camer-on-a-Stick +100% from IPO...
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