Stocks were on an utter tear higher, in what looked like a speculative short squeeze.

The lead sled dogs were the 'story stocks' whose fabulous tales are designed to uncouple them from the chains of valuations and common sense.

But alas, a chill wind blew through Wall Street today as stocks reached their summit, and the selling began.

One will say it was because of a new bout of coronavirus and lockdown in California, and another will point to Mike Pompeo calling out China and their claims in the South China Sea.

When we reach these lofty bubble heights it does not take much to start the avalanche of selling.

Have a pleasant evening.

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)