Another Short-Squeeze Sends S&P Over 3,100 For First Time Ever

Perhaps on the heels of hopes that Trump will say something about the China trade deal (of course he will), US equity indices ripped out of the gate as markets opened this morning as the insta-BTFD army of algos squeezed shorts once again...

Sending the S&P 500 above 3,100 for the first time ever...

Source: Bloomberg

The Put-Puke continues as hedgers capitulate...

Source: Bloomberg

"Extreme Greed" it is...

Melt-up, indeed...