S&P 500

Jeff Gundlach has reason to celebrate: as of today, his DoubleLine capital, founded less than 7 years ago, now manages $100 billion in assets, a key milestone for the fund - recall that Pimco's Total Return Fund made major headline when it sunk under $100 billion just last September. As Reuters reports, the DoubleLine open-end mutual funds collectively posted a net inflow of $1.48 billion in May, bringing the 2016 net inflow to $9.05 billion.

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

As if by magic, a boring Beige Book was all the algos needed to slam VIX and lift stocks to the magical unicorn level of 2,100 for the S&P 500... Because why not dump protection ahead of OPEC, ECB, and Payrolls - makes perfect sense really...Sadly, the machines just couldn;' hold it there for the close

Simply put, today's ubiquitous V-shape recovery in stocks is yet another example of the only way to win...

With the Treasury yield curve collapsing - 2s10s now at 92bps, its lowest since Dec 2007, AcrossTheCurve.com's John Jansen offers Ed Yardeni's insights into the problems the curve is suggesting are here...

May was a month of decoupling: oil decoupled from the dollar, and global risk decoupled from the once again sharply devaluing Yuan, but most notably May was a month where Fed rate hike expectations repriced midway through the month.