From last Thursday's lows, "Most Shorted" stocks are up a somewhat stunning 16%...

Once again the opening of the US Cash equity market was the most bullish thing in bull-land and panic-buyers piled in, sending Nasdaq up over 2% at its highs (but selling hit as Europe closed). That didn't last long as the short-squeeze resumed for another big day for Small Caps and Big-Tech...

Cyclicals have been ripped higher at the cash open for 4 straight days now while Defensives are flat-ish...

Treasuries were mixed today with the belly weakest (5Y+3bps) and long-end outperforming (30Y -1bps) as yields dumped and pumped on the day...

Which inverted the yield curve (5s30s) once again...

Italian bonds started the day off with a bid but the reality of Draghi's collapsing coalition ended up sending yields soaring to 3-week highs...

Bitcoin extended its recent breakout gains, topping $24k today

Ethereum topped $1600...

The dollar rebounded off last week's lows after 3 straight down days...