Bonds go nowhere, Dollar goes nowhere, Gold goes nowhere... news is dead... But stocks limp higher on near-record low volumes as volatility is curb-stomped asymptotically to zero...
Video length: 00:04:05
Small Caps were the day's best performer (on another squeeze) as Russell VIX plunged to a new record low (12.3)
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The Dow managed gains on the day (thanks to Boeing and United Health) even with BM eating away half the points (IBM 6.8% drop represents 47 Dow points)...NOTE The Dow was desperately lifted to try to get it unch on the week.
Trannies stumbled again for the 3rd day in a row - the biggest drop in 2 months (led lower by United, CSX, Norfolk Southern, and Union Pacific)...
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Nasdaq up 9 days in a row... (longest streak since Feb 2015)
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S&P VIX hit 9.58 but stocks were a one-way uninterrupted street higher...
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Another short squeeze...
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Financials limped into the green by the close as Energy stocks were panic bid...Retailers continue to bounce...
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Treasury markets ended the day practically flat...
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(with a slight bias lower in yield at the long end)...
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But the T-Bill market 'turmoil-ed' as anxiety over the debt-ceiling begins to show...
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With a notable inversion...
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The Dollar Index took a rest from its recent freefall today...
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Gold ended the day unchanged, back above its 200DMA after an overnight flash-crash...
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WTI scrambled above $47 and held there after bullish inventory data...
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Spot The Odd One Out...
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