Seems appropriate once again...
China did not help..
[9]
But today was all about Greece again, and CNBC's Michelle Caruso-Cabrera summed it up perfectly:
"Stocks are rallying on hopes of a deal. There is no deal! There will be no deal! Everyone's gone home"
Another day, another hope-driven spike that ends in tears and recriminations... The Dow got a lift as it broke stops through its 200DMA and Nasdaq back above 5000
[10]
The late day ramp was all machines ramping VWAP - as volume utterly collapsed...
[11]
VIX was clubbed like a baby seal... (notice the flash crash early on seemed to signal again) because why not sell Vol ahead of NFP
[12]
On the week, stocks remain driven by Greece and nothing else - not even today's mixed data (maybe NFP tomorrow will change that)
[13]
Futures show the mess more clearly...
[14]
The extent of hope is seemingly impossible to comprehend as GREK - the Greek ETF - manage to get all the way back to unchanged on the week!!!! Before giving up all its gains on the day...
[15]
Airlines were Baumgartner'd on news of a DoJ collusion probe...trading at the lowest since October 2014...
[16]
Depsite the carnage in crude to 11-week lows...
[17]
High Yield bonds and stocks did not play well with each today...
[18]
Treasury yields rose notably (seemingly led by Bunds weakness as Europe rallied into its close on hope of Greek deal)...
[19]
The US Dollar Surged today led by EUR weakness (but where were all the talking heads today about how EURUSD is showing how GREXIT doesn't matter?)
[20]
For some context on Crude's move today, Silver slipped but copper and gold were flat...
[21]
Charts: Bloomberg
Bonus Chart: Ahead of tonight's China open, some food for thought...
[22]