The Dow is up over 800 points from its pre-open lows and has pushed into the green for the day, shrugging off pandemic mutations as Fed Stress Test-enabled buybacks have sent Goldman and JPMorgan soaring, adding around 150 points to the index alone...

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The Dow is leading the major indices but they are all soaring back...(NOTE - Small Caps were down 4% in the pre-open and are almost unch)

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We can only assume that $900 billion was the Goldilocks number after all...

The dollar has reversed a major part of its spike...

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Bonds have also erased earlier gains with yields almost back to breakeven...

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It appears Mnuchin's magic this morning worked after all.?

Dow green. 100% of the time it works every timehttps://t.co/JMi4rL8YzR

— zerohedge (@zerohedge) December 21, 2020