Artist's impression of Nasdaq trader's reaction to the Greek deal this week (forward to 45 seconds in...and feel the anticipation)
Stock went up... some more than others... as Futures gapped up on the Greek vote - kept squeezing into the US open - and then diverged with Nasdaq melting up...
Cash indices all gapped higher at the open but from that squeeze - there was major divergence (Dow Industrials and Trannies actually lower)
On the week, the Nasdaq is now up over 3.25%...
In summary...
* * *
The last few days saw the biggest short-squeeze in 5 months...
Which is helping The Nasdaq to its biggest 6-day run since October's Bullard ramp...
And then there's this massively free-cash-flow negative idiot-maker...
One more good reason why stocks just keep surging... JPY carry is back on now that Grexit event risk has been 'removed' from carry traders risks... fun-durr-mentals
VIXnado...back at an 11 handle!!
as The backwardation unwinds to the steepest in 2 months...
Bonds continued their rally with 30Y leading the way...
As it appears the Moar QE trade is back in full swing...
FX markets continued to be dominated by a plunge in EUR and JPY...
Commodities were mixed with copper limping higher as PMs leaked a little more and crude tumbled...
Crude continues to tumble back to a $50 handle as Iran and default fears mount...
Charts: Bloomberg
Bonus Chart: VXX hits its 347th Record Low......
This is pretty stunning 347 out of 1625 days that $VXX traded: new all time lows were set pic.twitter.com/KlFrtQPVHi
— Eric Scott Hunsader (@nanexllc) July 16, 2015
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