For old time's sake…
What a week!!
The Dow rips over 800 points off its lows in 3 days, S&P over 100 near record highs.. before a weak close…
The late-day rebalance and opex seemed to spark some weakness
The best 3-day run in 3 years
As “most shorted” stocks suffered their biggest squeeze in over 3 years…
Off the lows – quite a meltup…
Overall the week was big for Small Caps -best week in 2 months; S&P's 2nd best week in 2 years…
Treasury yields rose modestly on the week…
…rolling over notably today (despite equity's exuberance)
Leaving 30Y almost unch of the week and decoupling significantly
The USDollar soared 1.6% this week…
To the highest since April 2006
Commodities were all lower on the week – mirroring the surge in the USD…
Oil had quite a run… ripping today but unable to get back to the $59 levels of resistance that have stalled it for the last week… Oil's best day in a year
Some context…
Charts: Bloomberg
