Stocks Up, Bonds Up, VIX Up, Dollar Up, & Oil Up; Time's Up, Fed's Up

Despite the strength of the bullishness in stocks today, US equities have told us that they "self-identify as bears"...

Yeah that just happened...

 

The March FOMC saw the same "buy everything" idiocy... that did not end well for stocks...

 

As liquidity disappeared and traders focused on tomorrow's Fed, sparking a total meltup in stocks (NOT driven by Greece - the comments were actually bad, NOT driven by US housing data - we were already well on our way by them, and NOT driven by any great rotation)...

 

On the day, Trannies remained red as the rest all grouped together...again seeming to stall after EU Close...

 

Cash indices managed to get green... because why wouldn't you be a net buyer of stocks ahead of FOMC and Grexit uncertainty...but the mahicns took profits in the last few minutes leaving us red for the week... Trannies refuse to play along from the start

 

Healthcare is dragging the rest higher on the back of M&A hope...

 

For June, Small Caps are surging 2% but Nasdaq, S&P and Dow are all red still...

 

Stock protection was bid - VIX dropped on the day but as is clear, protection is well bid relative to the algo-driven exuberance in stocks...

 

and credit protection was bid...

 

Treasury yields all tumbled today...

 

As The Dollar strengthened (led by EUR weakness)...notice a pattern here?

 

Crude managed gains as copper, gold, and silver dropped...

 

Copper clubbed like a baby seal was a standout...dumping to 3 month lows...

 

It appears - based on the surge in US and EU stocks and European peripheral bonds today - that the Plunge Protection Team was hard at work proving Grexit was not contagious and that the status quo is maintained.

Charts: Bloomberg

Bonus Chart: Avalanche Biotech... [INSERT YOUR OWN PUN]

 

Bonus Bonus Chart: One enterprising chap has a 'final solution' for The Greeks...