Seriously…

China-Korea headlines spooked stocks just before lunch but desperation kept The Dow green by 1 point!!

VIX pushed above 14 into the close…

The Dow remains above its 50DMA…

Stocks ignored the drop in the USD and Bond Yields…

Financials lagged as oil gains led Energy stocks higher…

It seems markets are – for now – ignoring the VIX term structure inversion around the French elections…

And the T-Bill curve inversion over government shutdown concerns…

Treasuries were flat overnight but bid during the EU session to end the day down around 2bps (and modestly flatter)…

30Y Yields dropped back below 3.00%

After Friday’s sudden spike on massive volume in the EDz7/EDz8 ‘reflation’ trade spread, today was very quiet…

The Bloomberg Dollar Index drifted into the red today – dragged by strength in Cable and the Loonie…

USD/JPY dropped back below 111.00…

Gold is holding positive post-Airstrikes and crude is surging as copper fades…

Crude is at 1-month highs and gold is holding above $1250…

Of course, there’s good reason for the bounce in stocks… well supported by fundamentals…

Oh wait.