Dow Hits 20k On Best Day In 7 Weeks As Investors Dump Dollars, Bonds, & Protection

By Tyler Durden of Zero Hedge

Wednesday, January 25, 2017 4:52 PM EDT

In case you missed it, The Dow hit 20,000 today...

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As we noted yesterday, the last month has seen the lowest trading range in US history...

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And VIX dropped intraday to its 2nd lowest level in 10 years...

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As Salil Mehta details, this level of VIX was last seen in 2014, 937 calendar days ago; and before that in 2007, 3624 days ago! This is the bottom 0.74% of all of VIX history.

Notably VIX died for 45 minutes this morning as The Dow surged to record highs... VIX 10.51 was the lows of the day...

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Boeing, Goldman Sachs, and IBM were responsible for half The Dow's gains today...

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CAT did well but look at this fucking chart!!!

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Today's open saw yet another massive short squeeze...

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Since the pre-Trump election lows, Small Caps are the biggest winners (up almost 19%) with S&P and Nasdaq up over 10% (both at record highs)...

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Year-to-date, gold remains the winner but bonds went red today...

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The S&P 500 neared Goldman's year-end target of 2300 (though we note they said it will tage 2400 before falling in H2)...

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Quite a significant decoupling from the dollar...

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Ironically, as Trump unleashed his border security executive orders, the peso soared against the dollar...

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AUD weakened modestly today but the majors mostly rallied against the greenback...

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Broadly speaking, the Bloomberg Dollar Index was hammered lower today, testing ECB lows...

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The better know Dollar Index closed back below 100...

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Another ugly day for bonds, took the entire complex into the red for 2017...

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The five-year break-even rate – which measures the difference in nominal and inflation-adjusted Treasuries of the same duration – climbed slightly above 2 per cent on Wednesday, the highest reading since August 2014.

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