What a difference a word makes...
Can you spot the moment when President Trump said the word "tax"...
Record highs for The Dow, S&P, and Nasdaq.
Of course it's all just another bigly short squeeze...Today saw "Most Shorted" stocks soar 2.5% - the biggest squeeze since the election
VIX crushed back to a 10 handle sending Dow above 20,200...
Small Caps were ripped back into the green for the week...
Banks and Energy stocks tore higher - after being the biggest losers...
Bonds sold off today (after 3 days of strength)...
30Y bounced back above 3.00%
The yield curve steepened modestly...
The USD Index bounced led by Yen weakness...
USD gains impacted PMs today - gold and silver lower - but crude rallied in risk on mode. PMs remain post-payrolls winners...
Finally, Soft Data and The Dow remain convinced of how awesome everything is while Hard Data and Bonds are not at all...