"Yesterday Never Happened" - Stocks Stage Furious Melt-Up , Crypto-Crash Stalls

"Here, hold my beer..."

Today was The Dow's biggest point gain since the election - to a new record high above 26,100 (NOTE again that VIX ended the day higher - more call-buying?)

 

https://www.zerohedge.com/sites/default/files/inline-images/20180117_EOD13.png

 

After the biggest reversal in 2 years, stocks exploded higher today (even with an opening dip)... (just look at the linear nature of the ramp higher... does that look human to anyone? Smells like automated buybacks being spread)

 

https://www.zerohedge.com/sites/default/files/inline-images/20180117_EOD15.png

Trannies and Small Caps remain red on the week.

 

Futures show the chaotic trading this week, another overnight ramp, opening dump...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180117_EOD14.png

 

AAPL ran weekly stops on its headlines, then dropped, then ripped vertically to the highs of the day...

https://www.zerohedge.com/sites/default/files/inline-images/20180117_EOD5.png

 

Facebook briefly went red for 2018 today...

https://www.zerohedge.com/sites/default/files/inline-images/20180117_EOD1.png

 

Semiconductor stocks exploded most since the election today with SOX breaking to a new record high...

https://www.zerohedge.com/sites/default/files/inline-images/20180117_EOD2.png

 

GS and BAC started the day off ugly but dip-buyers ran them higher by the close...

https://www.zerohedge.com/sites/default/files/inline-images/20180117_EOD8.png

Treasury yields were higher today with the belly underperforming (2Y and 30Y +2bps, 5-10Y +4bps) - 30Y still lower on the week

 

https://www.zerohedge.com/sites/default/files/inline-images/20180117_EOD10.png

 

The yield curve flattened once again (2s30s -1bp on the day to 79bps - new cycle lows)...

https://www.zerohedge.com/sites/default/files/inline-images/20180117_EOD7.png

 

The Dollar Index was miraculously bid (off the lowest levels since Dec 2014) around 1400ET (AAPL repatriation headlines), everything got excited with a spike in the dollar...

https://www.zerohedge.com/sites/default/files/inline-images/20180117_EOD4.png

 

That sent USDJPY higher, slammed gold, and hit Treasury prices...

https://www.zerohedge.com/sites/default/files/inline-images/20180117_EOD9.png

 

The Dollar's kneejerk higher sent commodities lower with all now in the red on the week...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180117_EOD12.png

 

Having collapsed earlier in the day, Cryptocurrencies rebounded back to unchanged and beyond...

https://www.zerohedge.com/sites/default/files/inline-images/20180117_EOD6.png

 

Bitcoin rebounded off plunge lows at $9200, surging back above $10,500...

https://www.zerohedge.com/sites/default/files/inline-images/20180117_EOD3.png

 

As a reminder, Bitcoin tends to have a seasonal tendency to drop into the lunar new year and rally out of it...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180117_EOD11.png