Its Over, page-20156

* S&P500 hit 5,000 but closed a tad off it at 4,997, Dow +48pts while Nasdaq +0.24%
* This is a market that, despite the rally, does not tolerate any result misses or poor guidance as we saw Pinterest slammed -15% after hours when it reported revenue miss. Pick the wrong stock that reports a poorer than expected result and the outcome can be bad, even when indices do well in general. The wrong stock can also be a good stock, this is what happens when valuations are stretched as we have now.
* AUD just under 65c Risk Off divergence with overall market, DXY stood at 104.13 while 10yr yield continued to inch higher to 4.15pc
* Gold down a little by -$1 to $2034, GDX and GDXJ lower by -0.58% and -0.51% respectively
* Banks were mildly and broadly lower, XLF -0.42% , NYCB -6.58%
* WTI Crude surged +3.17% to $76.4 (Brent at $81.6) , oil gain on Netanyahu defiance on ending war, XLE +1.05%
* Lithium stocks mixed, LIT +1.08%, ALB -0.63%, SQM -0.05%, LAC +1.35%

Jobless claims just won't quit and were enough to send Treasury yields higher today after ARM and DIS earnings' blast-offs last night.
Rate-cut expectations drifted lower still (hawkish)...


Source: Bloomberg
But stocks hit a new record high...

Source: Bloomberg
The S&P 500 hit 5000.4 intraday... thanks to a miraculous sudden huge buy program in the last few seconds...

Source: Bloomberg
No, 'banking crisis 2.0' is not over. NYCB dumped today...

...and the overall Regional Bank index went sideways...

Source: Bloomberg
Today saw small caps rip higher while the rest of the majors trod water (at a very marginal new high for S&P)...

This was the second-best daily RTY-NDX outperformance in two months, which happened to occur at a critical resistance level...

Source: Bloomberg
It's been quite a wild ride this week for the RTY-NDX pair - whipsawing from one side to the other... PRESUMABLY tomorrow brings a big Nasdaq outperformance day...

Source: Bloomberg
ARM was up 50% (yes 5...0)... lol

Source: Bloomberg
DIS rallied over 11% on the day, to one-year highs...

Source: Bloomberg
MAG7 stocks drifted very modestly lower on the day...

Source: Bloomberg
Amid a massive short-squeeze...

Source: Bloomberg
Treasury yields were higher on the day (despite a strong 30Y auction), with the belly (5-10Y) underperforming (2Y +2.5bps, 10Y +6bps, 30Y +4bps).

Source: Bloomberg
Even though the 30Y auction was solid, yields pushed up to two week highs...

Source: Bloomberg
Bitcoin surged back above $45,000 today...

Source: Bloomberg
...after yet another strong day of net inflows to spot bitcoin ETFs...

Source: Bloomberg
...and bitcoin notably outperformed ethereum today...

Source: Bloomberg
The dollar jumped higher on the strong claims data...

Source: Bloomberg
Gold ended the day practically unchanged (despite the dollar strength), after diving to $2020 and finding support...

Source: Bloomberg
Oil prices surged today with WTI back above $76, erasing the drop at the end of last week...

Source: Bloomberg
Finally, all eyes remain on tomorrow's CPI revisions and next Tuesday's January CPI print. With S&P vol skews at near-record lows...

Source: Bloomberg
...what could go wrong?