Looking at stocks (which is now how we are supposed to judge everything ever), there is only one clip for today...
And in honor of what Tsipras did...
* * *
But it appears FX and bond markets disagreed with stock's exuberance...
And it appears Greek stocks also disagree over the awesomeness of everything...
Today completes the biggest 3-day rally in stocks since December 2014... so it seems Greece matters after all. Note that the S&P 500 tested perfectly up to its 50DMA at 2100 (and above its 100DMA at 2095) and Volume is tumbling
Volume was terrible...
Which was driven by the biggest short squeeze in 5 months...
US Equities filled the gap back to Tsipras' "Greferendum" announcement but could not get any fruther...
As did VIX (collapsing to a 13 handle)...
Cash equity markets went absolutely nowwhere from the ramp open... until the last hour...
Treasury yields ended the higher but rallied notably off the kneejerk dump after a Greek deal was announced...
The US Dollar surged today...
On the heels of a 200 pip collapse in EURUSD from its highs of the day... (breaking to a 1.09 handle)
The dollar strength weighed on precious metals, copper held on to modest gains and crude whipped around on Iran headlines.
Charts: Bloomberg
Bonus Chart: This seemed to sum Europe up perfectly...
Germany to Greece: here's a gun, go shoot yourself. Germany to rest of Europe: anyone else want a gun?
— Northy (@NorthmanTrader) July 12, 2015 [23]












