Despite IMF & Germany's apparent comment to Greece...
Stocks remain ambivalently poised near record highs...fading from the opening gap higher...
From Friday, Small Caps leading the way... new highs
Stocks did a whole lot of nothing with the S&P unable to trade more than a few bps away from its VWAP as Greek hope faded...
VIX hit an 11 handle...
Kevin Henry: VIX 11 handle today, get on it
— zerohedge (@zerohedge) June 23, 2015 [10]
Another day, another European buying climax into the US Open to the European close...
Biotechs are now up almost 11% from last week's lows...
But it appears Powell's "September" comments were the big catalyst that banged bonds, bullion, and greenbacks...
The USDollar soared, led by EUR weakness after Powel said September was likely
This was the USDollar's best day in over 3 months...
Pretty chunky Heinz deal may have pressured Treasury yields in th elast 2 days but today's swing was around Powell's comments...
Dollar strength did not impact Copper(after better than expected China PMI) and Crude (WTF knows!) which soared as Gold and Silver were monkey-hammered...
Here is WTI Crude this week (the August contract)...WTF!!
Charts: Bloomberg











