Stocks Thrust To New All Time High Amid Powerful Rotations Below The Surface

So much for that record month-end pension selling: the size and speed of dip-buying has never been greater.

After S&P futures slumped overnight following a report that Trump may launch a new military campaign on Iran (he didn't, and the latest Axios report proved to be a bear trap), dropping as low as 7130, stocks have been a one-way train since the open, rising more than 100 points from the overnight lows and a panic meltup since the open - the only time we saw a modest sell order today - with barely and any retracements or red candles. For those asking, yes - this is what the dot com bubble felt like on many days (and it will get much crazier).