VIX closed at its lowest in a month as stocks pushed on higher to new record-er highs (and Twitter hit $70). The Nasdaq underperformed today (after yesterday's outpeformance) as the Dow, S&P, and Russell all closed around 0.4% higher (and Twitter added 8.2%). Treasury bond yields rose notably all day with the 10Y at its 2nd highest closing yield of the year +5.4bps to 2.98% today (but Twitter is almost a double off its lows in 2 weeks). Commodities drifted higher all day with Gold back over $1200 (and that so-called fat finger in copper leaving it up large still on the day). The USD ended unch with slight weakness in JPY. From the Taper lows, the S&P is up 3.7% (but Twitter is up 30% in that period).
Stocks rose today – as good news seems like good news (if you choose to ignore the massive seasonal adjustments)…
In case you missed it…
Bonds sold off notably – pressing 10Y up near the high yields of the year…
Commodities pushed higher with Copper's fat finger not retracing much…
Charts: Bloomberg
Bonus Chart: Spot The Bubble…
     |
via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/IV6jAcMKIYg/story01.htm Tyler Durden