Stocks Soar To Record Highs As Trump Drops The 'T' Word, Sparks Biggest Short-Squeeze Since Election

What a difference a word makes...

Can you spot the moment when President Trump said the word "tax"...

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Record highs for The Dow, S&P, and Nasdaq.

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Of course it's all just another bigly short squeeze...Today saw "Most Shorted" stocks soar 2.5% - the biggest squeeze since the election

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VIX crushed back to a 10 handle sending Dow above 20,200...

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Small Caps were ripped back into the green for the week...

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Banks and Energy stocks tore higher - after being the biggest losers...

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Bonds sold off today (after 3 days of strength)...

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30Y bounced back above 3.00%

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The yield curve steepened modestly...

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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...

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Finally, Soft Data and The Dow remain convinced of how awesome everything is while Hard Data and Bonds are not at all...

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