'Ceasefire' Sends Nasdaq 100 To Record Closing High; Bitcoin Jumps As Gold & Oil Dump

The 'ceasefire' in the Middle East trumped another slump in sentiment today to send stocks higher, and oil and gold prices lower (geopolitical risk premia reduced). But the sentiment slump dragged Treasury yields and the dollar lower as rate-cut expectations continued higher.

Geopolitical uncertainty plunged even more today (with global trade policy uncertainty already testing YTD lows)...