Ignore gold, ignore earnings expectations, ignore the dollar, ignore the yield curve... and...

Video length: 00:02:44

German stocks sum it all up... Buy The F**king German Government Crisis... (even as EUR stays weaker)

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Record Highs all around in 'Murica...

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As once again the European Session (green boxes) cominated the ramp...

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As VIX was slammed back to a 9 handle...

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Here's a couple things though...

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The last 5 days have been quite a ride for 'shorts'... as "Most Shorted" stocks have soared over 6% - This is the biggest short-squeeze since Dec 8th 2016 (which was followed by a 6% decline)

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High yield bond prices rose once again but remain below the 200DMA for the 11th straight day (the longest period since Q1 2016)

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But the ultra-sensitive Small Caps love the tiny relief in HY...

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Treasury yields were mixed once again as the long-end rallied (30Y -2bps) and short-end was sold (wY +2bps)...

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For the first time since early Nov 2007, the spread between 2Y and 30Y Treasury yields has crashed below 100bps...

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In fact the yield is crashing this year at the fastest rate in at least a decade...

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The Dollar Index declined once again...

Bitcoin surged to yet another record high...

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WTI/RBOB rallied today ahead of tonight's API data...

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Gold and Silver held on to early gains today but faded in the afternoon...

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And here is why stocks are rallying to record highs... because earnings expectations are tumbling, silly!!

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