Another Day, Another Short Squeeze; Small Caps & Crypto Jump Shorts were squeezed for the 4th straight day... Source: Bloomberg Helping Small Caps to outperform on the day. Nasdaq lagged along with the S&P but all ended green... The S&P, Nasdaq Composite, and Nasdaq 100 all closed at a record high. Bank stocks outperformed the market today (despite the curve being flatter) ahead of tonight's stress-test data... Source: Bloomberg Vol was clubbed like a baby seal around the pre-open for the 4th straight day... Treasuries were a snooze-fest today... explosively unchanged across the entire curve. 10Y remains in an extremely tight range, just below 1.50%... Source: Bloomberg The Dollar has erased around a half of the Powell/Bullard bounce... Source: Bloomberg Bitcoin bounced back above $35,000... Source: Bloomberg Ether managed to get back above $2000... Source: Bloomberg Gold jumped, then dumped back into the red... But WTI ended higher after following the mirror path to gold... Finally, there are now over 8 trillion reasons for stocks to keep going higher... Source: Bloomberg But one of them is NOT fundamentals. Tyler Durden Thu, 06/24/2021 - 16:00