Jeff Bezos and Bill Gates vying for the world's richest man title...

Today's biggest story outside of AMZN $1000, was OPEC's epic fail... OPEC announced a 9-month extension of its production cuts that have not worked. The market was disappointed... WTI saw its biggest down day since Feb 2016.

And so the jawboning began...

• *OPEC CONSENSUS THAT OIL PRICE SHOULD BE $50-$60/BBL: KACHIKWU
• *RUSSIA'S NOVAK SEES OIL PRICE AVERAGE AT $55-$60 IN 2017
• *NOVAK SAYS NOT `MUCH CONCERNED' OVER TODAY'S OIL-PRICE FALL
• *NOVAK: OPEC/NON-OPEC COOPERATION TO CONTINUE
• *OIL MKT RESPONSE TO OPEC DECISION WAS SURPRISING: IRAN MINISTER
• *OIL PRICE DROP BASED ON SPECULATION, NOT FUNDAMENTALS: IRAN
• *FALIH DOESN'T BELIEVE THERE'S CONFRONTATION BETWEEN OPEC, SHALE
• *FALIH HOPES U.S. SHALE PRODUCERS WILL `MODERATE' THEIR GROWTH
• *AL-FALIH: LONG-TERM TREND FOR OIL DEMAND `VERY HEALTHY'
• *FALIH: IF FUNDAMENTALS REQUIRE ANOTHER EXTENSION, `WE ARE OPEN'
• *AL-FALIH: 6 MONTHS `TECHNICALLY' WOULD BE ENOUGH TO REBALANCE
• *OPEC WILL DECIDE IF MORE ACTION NEEDED IN NOVEMBER: NIGERIA

Bitcoin was insane today with a $1300 roundtrip in price... a $400 ramp overnight on South Korean demand, sudden $600 collapse, and then $400 rebound to leave Bitcoin up for the 28th day of the last 30!

Trannies outperformed on the day, as S&P and Nasdaq hit intraday record highs...Small Caps ended flat...

Trannies pushed higher today but Small Caps remain the laggard post the Trump-Dump - NOTE the market has only risen on knee-jerk moves with no trending in between...

Volume remains minimal at best...6th up day in a row - longest streak since mid-Feb

VIX held steady with a 9-handle until the close and limped to 10 and higher on the day... as S&P hit a new record high...

Short-Term VIX slipped to a 7-handle - a record low intraday...

Amazon (and Netflix) traded to record highs with Bezos' bubble hitting $999.00 for the first time ever...as EPS expectations for 2017, 2018, and 2019 have slumped...

Treasuries were unchanged today (long-end was marginally lower in yield, outperforming)...

30Y remains well below 3.00%

The Dollar Index reversed some of yesterday's losses, rallying once Europe opened...

Pushing the dollar index back to unchanged on the week...

Gold and Silver managed gains on the day - holding above pre-FOMC Minutes levels

Bonus Chart: Nasdaq Record Highs because of fun-durr-mentals...