Despite tumbling soft data and disappointing earnings data...

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Stocks soared most in 6 weeks...

Video length: 00:02:44

Another day, another one-way trip in stocks. VIX clubbed to a 13 handle again stocks soar...

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Trannies and Small Caps once again led the day (short squeeze) and S&P lagged but everything was awesomely green again...

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Another big short squeeze...

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The Dow continues to lag - managing to scramble back to unchanged from last Wednesday's close before fading into the close...

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Financials limped back into the green for 2017...

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The Dow remains below its 50DMA, S&P and Small Caps are clinging to it, Nasdaq is well above it...

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The Dollar Index dumped early and then pumped after Europe closed and extended to unchanged on Mnuchin's comments...

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EURUSD moved notably lower after Europe closed enthusiastically... USD remains lower on the week...

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The strong TIPS auction was also supportive of the renewed hope for the reflation trade...

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Treasury yield rose on the day but bonds rallied in the afternoon to push back lower on the week...

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The entire yield curve is moving very parallel - not much steepening or flattening in a relatively narrow range...

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Gold was hit again pre-London Fix (but not as hard as the last two days)...and the fix was higher...

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But USD/JPY and Gold were joined at the hip all day...

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Crude slid on doubts over Saudi jawboning and a stronger dollar, back to a $50 handle...

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Finally, there's this...

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