Stocks Soar To Record Highs As Trump Drops The ‘T’ Word, Sparks Biggest Short-Squeeze Since Election

By Tyler Durden

What a difference a word makes…

Can you spot the moment when President Trump said the word “tax”…

Record highs for The Dow, S&P, and Nasdaq.

Of course it’s all just another bigly short squeeze…Today saw “Most Shorted” stocks soar 2.5% – the biggest squeeze since the election

VIX crushed back to a 10 handle sending Dow above 20,200…

Small Caps were ripped back into the green for the week…

Banks and Energy stocks tore higher – after being the biggest losers…

Bonds sold off today (after 3 days of strength)…

30Y bounced back above 3.00%

The yield curve steepened modestly…

The USD Index bounced led by Yen weakness…

USD gains impacted PMs today – gold and silver lower – but crude rallied in risk on mode. PMs remain post-payrolls winners…

Finally, Soft Data and The Dow remain convinced of how awesome everything is while Hard Data and Bonds are not at all…

…read more

Source:: ZeroHedge