Stocks Surge To Best Day In 4 Months As Warmongery & Tax Talk Trump Debt-Ceiling Doubts

By Tyler Durden

Seriously…

Thanks to The White House saying something de minimus about Tax Reform progress (and a little help from Boeing after Trump’s warmongery), Nasdaq was the day’s best-performer as The Dow had its best day in 4 months…

Futures show the driver of the actions…

Bonds & Bullion were sold post-tax-headline as stocks surged…

Most-Shorted stocks surged/squeezed to their best day in a month (after 5 straight down days)…

VIX was smashed down below 12 at the open amid Trump Tax chatter…

The S&P ramped all the way to the 50DMA (having bounced perfectly off the 100DMA yesterday)…

This week’s bounce has an odd sense of deja vu all over again…

S&P VIX dropped back to 5-day lows but Nasdaq and Russell vol remains elevated…

S&P traders are actively hedging with Put/Call Open Interest Ratio at its highest since July 2015…

And ironically, there has never been more money bet on volatility dropping (SVXY AUM at record high $1.3 billion)

FANG Stocks had their best day in over a month…

Treasury yields rose 2-3bps across the curve today with 7Y underperforming…

30Y Yield hs now traded in a 3bps …read more

Source:: ZeroHedge