Another day, another record high...

Video length: 00:00:02

To begin - 'Murica, fuck yeah!!

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North Korea headlines and 'John Taylor For Fed Head' headlines prompted some turmoil in FX markets, bond markets, and commodity markets... but stocks didn't even blink...

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Trannies were worst with Small Caps clinging to unch but GS, AAPL, JPM, and TRV accounted for 100% of the points gains in The Dow...

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The machines really wanted Dow 23,000 amid a very chaotic day in VIX land today...

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Small Caps continue to tread water... (1509, 1511, 1508, 1512, 1510, 1504, 1508, 1507, 1505, 1503, 1502) even as earnings expectations tumble...

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Bank stocks soared today - loving the collapse in the yield curve...

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Healthcare stock were hit again on Trump's "Getting away with murder" comments...

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Treasury yields rose on the day but notably bear flattened with the front-end drastically underperforming...

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The Dollar Index rallied on the day led by AUD and CAD weakness (odd on a strong commodity day) and cable tumbled on May's comments...

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WTI Crude (and Brent) surged overnight to 2-week highs on Iraq 'invasion' headlines but WTI was unable to hold above $52...

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Gold's bounce after CPI last week - extending its post-Golden-Week gains - stalled today after John Taylor headlines...

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Copper made headlines - hitting a 3 year high, surging after China's Golden Week holiday ended and ahead of this week's National Congress to prove everything is awesome in the red ponzi...

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Which as we noted earlier - raises the question - is copper overdone or do 10Y Yields need to explode 75bps higher...

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