There can be only one clip for today...
Because it's all about the fundamentals... and funnily enough the day when consensus GDP hopes collapsed also..
[7]
And volume doesn't matter...
[8]
Futures give us a glimpse at the dip-buying euphoria that began early on...
[9]
But cash indices just would not stop... Small Caps ripped as AAPL pumped Nasdaq higher
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With shorts squeezed even more... (2nd biggest rise in "most shorted" stocks in 4 months)
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As VIX collapsed (this is front-month futures smashed below 15)...
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Crucially SPY took out its December fat finger spike highs... freeing any long lost longs remaining...
But credit was nmot happy with rising rates - so how are you CFO muppets gonna fund yr cheap buybacks noiw?
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Treasuries were sold aggressively... roundtripping Friday's gains...
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Even as Bunds were "managed"... the smallest range since Gross and Gundlach spoke..
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The dollar soared over 1% on EUR and CAD weakness... This is the best day for the Dollar in 2 months... worst day for EUR in 2 months (notice this is a complete roundtrip of Friday's losses with Swissy well offered
[16]
The Loonie had its worst day in 4 months against the USD today...
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Despite the USD strength, Silver and gold gained on the day, copper lost ground but crude was a financialized joke...
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Trade those "fundamentals"...
[19]
So - to summarize - US stocks soared relentlessly on no volume to record highs as traders monkey-hammered VIX futures lower... on a day when Bunds were well managed but TSYs traded out of control, FX markets were carnaging and commodities whipped up and down like a whore's drawers...
Charts: Bloomberg