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'Le Pause': Stocks Hit Record Highs As Marine Calms Markets After The Storm...

Tyler Durden's Photo
by Tyler Durden
Authored...

Tl;dr: Today saw a pause (however brief, we'll take it) in the chaos as a fiscally responsible budget from France's leading contender to be the next French President calmed EU angst (shadow budget savings), which helped lower bond yields, lower the dollar (easing financial conditions) and lifted stocks (SPX/NDX record highs on GOOG energy deal, RTY lagged). Oil was supportive (lower) early on but attacks/explosions triggered a rebound back to unch. Gold was up, bitcoin down, and VIX hit a 14 handle.

Breathe... as some decoupled serenity came to markets...

Energy