Last Minute Fizzle Fails To Dent Best 3-Day Stock Surge In 3 Years

For old time's sake...

What a week!!

  • WTI's best day in over a year
  • S&P 500 2nd best week in 2 years
  • Dow's best 3-day run in 3 years
  • USD at 8 year highs

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

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