Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

Bitcoin futures are here...

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Small Caps and Trannies were today's biggest losers as Nasdaq led...

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The S&P 500 has not been this overbought since 1995...

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VIX briefly topped 10 after the NYC bomb explosion...but was clubbed into the close..

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Utes ramped oddly in the afternoon but Energy stocks and Tech were best...

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High-Tax stocks underperformed Low-Tax stocks...

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But while some were paying attention to stocks, most eyes were glued to Bitcoin futures...

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And as Bitcoin futures outperformed spot, bitcoin spot continued to outperform gold dramatically...

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With Bitcoin soaring to a record high over $17,250 as gold dropped 0.5% today...

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But it's also worth noting that as Gold futures legged lower so Bitcoin futures was modestly bid

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Away from 'virtual' currencies, the dollar (another faith-based currency) managed to rally back to unchanged after some early weakness...

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Treasury yields were all higher on the day with the short-end underperforming...

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Which meant the yield curve flattening continues...

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Despite an unchanged day in the dollar, PMs were slammed and Crude and copper bid...

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Finally, we note that recent weeks have seen the obscene premium to NAV for Bitcoin Trust collapse as the underlying NAV has caught uo...

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From 140% premium to just 13% now...

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