Despite Bank of Japan and ECB talk, and thanks to a tanking VIX, the new normal of utter tranquility in markets continued…

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Soft Data rolled over again today…

Draghi didn’t sound dovish enough and EUR spiked, sending the dollar dumping (down 8 of the last 10 days) to its lowest level since August 2016…

The Dollar Index is now unchanged since January 2015.

But Bund and Treasury yields found what Draghi said to be a little more dovish… 30Y touched 2.80% handle – lowest since June 29th…

Every effort was made to ensure the Nasdaq completed its 10th day higher in a row (longest streak since Feb 2015), smashing VIX to 9.51… if tomorrow is green, then that will be the longest streak since 2009

This is easy…

And Mueller headlines early on gave dip-buyers the perfect opportunity to ignore the shitty data earlier in the day…but major indices generally flatlined all day in a very narrow range, Trannies were worst…S&P and Dow closed red

Utes outperformed and Financials slumped into the last hour as early gains in energy were erased…

FANG Stocks ended the day unchanged…

Chipotle has hammered once again because of rats and norovirus (yeah that’s all) – now unchanged since April 2013…

Treasury yields went nowhere today – ending unch across the board (except 30Y -2bps) after being bid on Mueller’s headlines…

Draghi-driven EUR/USD strength weighed on the Dollar index

Gold gained on the day with a kneejerk higher after headlines on Mueller’s probe of Trump…