Learning?
Dow and S&P surged off overnight weakness back to record highs…
Trannies dropped into the red for the week though as Nasdaq surged…
9th straight day up for The Dow… the longest streak since March 2013…
"Shorts" dared to short stocks yesterday… and were monkey-hammered today…
VIX was crushed to 2-year lows… VIX was jammed after the plunge in stocks to get momentum going again BUT note the blue and red shaded regions where the correlation regime for VIX and stocks has flipped…
VIX term structure nears record steeps…
As all of a sudden, oil matters… #BlackGoldMatters
Gold remains the winner post-Brexit… as stocks catch up to bonds…
Treasury yields rose on the day, erasing all bond gains post-coup…
Despite the USD Index ending the day practically unch, FX markets were chaotic…
With USDJPY retracing all the Brexit losses… the last 8 days have seen the biggest plunge in JPY since The BoJ unleashed QQE2 in Nov 2014…
And Cable spiking on no slowdown suggesting no rate cut coming soon…
PMs were hit hard today and slammed into the close. Copper faded but Crude soared magically…
Gold and Silver are fading but remain way ahead post-Brexit…
And finally this is what happened to crude today…
Charts: Bloomberg
The post Stocks Went Up…Again appeared first on crude-oil.top.