Only one clip was suitable for today...

Volume today is around 20-30% lower than yesterday.

If (Yesterday's return < 0), THEN BTFD STUPID...

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On the day, a blip lower at the open was quickly met with Greece rumors... and no matter what, were going to record highs...

• RUMOR - 0953ET *GREECE, CREDITORS STARTED CRAFTING STAFF LEVEL ACCORD: OFFICIAL
• BULLSHIT - 1030ET *TSIPRAS SAYS COUNTRY CLOSE TO DEAL WITH CREDITORS
• DENIAL - 1224ET *GERMAN GOVT SURPRISED BY GREEK REPORTS OF PROGRESS: OFFICIAL
• DENIAL CONFIRMED - 1520ET *SCHAEUBLE SAYS GREEK TALKS HAVEN'T YET GONE FAR

From Friday, Nasdaq soaring back to record highs on Broadcom deal and just general tom-foolery...

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S&P Futures almosty perfectly top-ticked yesterday's highs... and faded after the cash close...

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Then there's this...

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The drivers of today's exuberant bounce... apart from a Greek Deal rumor that was 100% denied by Germany

VXX termination near record lows for the ETF (as VIX tested back towards a 12 handle)

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Double-fisted Short Squeeze-a-thon...

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And Yen-nado...

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The USDollar rose once again - even though it fell back off early strength...

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USDJPY topped 124 (tagging it perfectly to run the stops and option triggers)

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To a new 8-year high (and 7 pips from a 13 year high)

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Early Treasury weakness rolled over into modest buying after the strong-ish 5Y auction which then accelerated into the last hour...

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But what is most notable is the collapse/flattening in the 2s30s curve in the last few days -14bps... (2s30s now flattest in a month) This is the biggest 2-day flattening since Jnauary 6th (and 2nd biggest since April 2013)

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The USDollar strength once again pressured commodities (though notably gold was flat)...

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As Crude carnaged early then flopped around like a dead fish st 6-week lows...

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The bottom line: Greek rumors ignited early momonetum... Today Trannies loved lower oil prices (yesterday they hated them)... Today stocks loved lower bond yields (yestereday they hated them)... VIX was hammered... there was a double-short-squeeze in "most shorted" stocks... USDJPY tags 124.00 and carry trades drive stocks to record highs... there was no macro data today at all in the US!