Despite the rampacious surge in stocks, some context on the week... Nasdaq & S&P 500 End Red, Small Caps and Trannies squeezed to death...
[8]
Seems to be summed up thus...
Perhaps the week in futures shows the violence of the swings more impressively...
[9]
A Double Squeeze...
[10]
From last night's cash close, stocks never looked back as they saw the Tsipras proposal as a done-deal...
Cash gapped open at the open... (Note, before it slipped, this was the biggest day for the Nasdaq since January!!), and never went anywhere from the initial squeeze..
[11]
Before we move on - it is worth noting that The S&P 500 is still below 2,100, The Dow is still below 18,000, and The Nasdaq is still below 5,000.
Quite a week in China A-Shares ETF...
[12]
VIX was crushed today...
[13]
There was only one thing keeping the dream alive in stocks... The BoJ!!
[14]
Some context across assets - Since "OXI!" Vote...
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And Since "Greferendum" announcement...
[16]
Treasuries were smacked with an ugly stick in the last 2 days, dragging yields positive for the week...
[17]
This is the worst 2 day rip in yields since the Taper Tantrum over 2 years ago...
The USDollar dropped early on EUR strength then rallied as US opened...
[18]
But the real story of the day was JPY (and in particular EURJPY) - the biggest jump in EURJPY since April 2013 - even more than the day QE3 died and QQE2 was unleashed...
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Commodities were mixed today, crude fell on further rig count increases, copper slipped and PMs were flat...
[20]
This is WTI's worst 2 week run since Dec 2014...
[21]
Gold has been peculiarly quiet the last 2 days...Since China took control - someone wanted gold under control...
[22]
Charts: Bloomberg
Bonus Chart: "Yes, we are all different!"
@RudyHavenstein [23] maybe you can think of a punchline for this pic? .... pic.twitter.com/zTa0CVz9I9 [24]
— London Analyst (@LondonAnalyst) July 9, 2015 [25]