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Another Day, Another Short Squeeze; Small Caps & Crypto Jump

Tyler Durden's Photo
by Tyler Durden
Thursday, Jun 24, 2021 - 08:00 PM

Shorts were squeezed for the 4th straight day...

Source: Bloomberg

Helping Small Caps to outperform on the day. Nasdaq lagged along with the S&P but all ended green...

The S&P, Nasdaq Composite, and Nasdaq 100 all closed at a record high.

Bank stocks outperformed the market today (despite the curve being flatter) ahead of tonight's stress-test data...

Source: Bloomberg

Vol was clubbed like a baby seal around the pre-open for the 4th straight day...

Treasuries were a snooze-fest today... explosively unchanged across the entire curve. 10Y remains in an extremely tight range, just below 1.50%...

Source: Bloomberg

The Dollar has erased around a half of the Powell/Bullard bounce...

Source: Bloomberg

Bitcoin bounced back above $35,000...

Source: Bloomberg

Ether managed to get back above $2000...

Source: Bloomberg

Gold jumped, then dumped back into the red...

But WTI ended higher after following the mirror path to gold...

Finally, there are now over 8 trillion reasons for stocks to keep going higher...

Source: Bloomberg

But one of them is NOT fundamentals.

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