In the words of the great philosopher Buzz Lightyear, "to infinity and beyond." Oil"s incessant liftathon - on hopes that a production freeze at record highs will seriously impact a record seasonal glut - appears to have sparked more panic-buying in stocks overnight as no news whatsoever has the machines incessantly bidding futures, pushing Dow futures over 19,000 and S&P futures over 2,200. Bonds are flat, USDJPY is flat, and offshore yuan is modestly weaker once again.
After the squeeze-fest from the Trump win, oil is now in charge tick for tick of stocks...
Just another manic-monday-melt-up...
Leaves stocks once again pushing to new record highs post-Trump lows...
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