All wee the feeling from US investors towards Greece has appeared to be...
But once the headlines crossed that a deals (which is not a deal yet and has plenty of room for Greece to SNAFU it still) hit, it seems they did care after all - stocks exploded higher... because...
Today...
[6]
The Dow surged 260 points off the lows...
[7]
Since Greek Talks Failed on Monday...
[8]
And the week...
[9]
The Dow just overtook gold YTD and bonds are holding on to modest gains for now...
[10]
This is the biggest 3-week short squeeze since Oct 2011...
[11]
Treasury yields ended the week higher (and the curve notably steeper) with the excepotion of 2Y yields which ended unchanged (after everything whiplashed higher in yield afteer the Greek deal)
[12]
Though it's pretty clear what was drivcing stocks to the record highs... As Meghan Traynor might say :"It's all about the Yen... no data"
[13]
The US Dollar dropped briefly back to unchanged as EUR rallied on deal news today but rallied into the close to end the week up 0.3% - note the giant swings in Swissy
[14]
Silver slumped to its worse week since Sept 2013 closing down 6.4%, Crude was also clubbed lower
[15]
Crude saw its worst week in the last 4...
[16]
And finally... one last thing for the weekend sir...
[17]
Charts: Bloomberg