Trading volumes today are running at the lowest pace since 2006, crude oil prices ae testing back towards fresh 5 year lows, and Treasury yields are all lower... so it should come as absolutely no surprise that the S&P 500, Dow Industrials, and Russell 2000 have all hit fresh intraday record highs today.
SPY volume at it lowest since 2006...
[6]
and e-mini...
As or 1pm, eMini volume is lower than it's ever been since at least 2006 (excluding partial trading days) $ES_F [7] $SPY [8]
— Eric Scott Hunsader (@nanexllc) December 26, 2014 [9]
OK guys, I know it's a Federal Holiday. This isn't the first one since 2005, is it?
— Eric Scott Hunsader (@nanexllc) December 26, 2014 [10]
So stocks are surging to record highs...
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As Treasuries rally...
[12]
Crude continues to slide...
[13]
Charts: Bloomberg and @NanexLLC
