When even CNBC is playing 'our' song... you just know that "everything is awesome" Early European hours saw US equity futures leap gazelle-like as JPY momo (cough BoJ after their miracle bid stick-save in JGBs earlier in the evening) lifted them on no news... then crappy US data... more Greek asset weakness... Europe flat... and the US Open - BTFAAPL!!!... liftathon... Greek news - Awesome - oh wait that's no news at all! - forget it BTFATH!!!! and that's how we reached 2100 in the S&P 500... From the moment when Greek Talks Failed yesterday... From Friday's close, a miraculous meltup in th elast minute or two dragged everything green... ...ensuring magically that the S&P 500 closes perfectly at 2100!! Are you fucking kidding me? Builders and Banks did well (despite crap NAHB sentiment), Utes and Discretionary lagged... Healthcare won overall as Biotechs just bubbled further... All About USDJPY and the BOJ manipulating the shit out of it (via Gold/GOFO, JPY) Credit markets dumped this afternoon Bonds were monkey-hammered... an early safety bid was eviscerated as 30Y yields ripped from -5bps at 2.60 to +8bps at 2.72% - a 13bps intraday swing... but note as Schaeuble poured cold water on the hope, bonds started to rally... Year-To-Date, Treasury yields have round-tripped...now all buty 2Y is higher on the year The USDollar is now unchanged from Friday - given back all of its gains from yesterday on EUR weakness as EURUSD rallied back into the green on the week. JPY was notable under performer... Despite the USD weakness today, gold and silver were unceremoniously dumped to prove that "everything is awesome"... Copper also dipper but Crude - after early weakness went entirely algo-plectic - soaring once again into the NYMEX close... The machines - and thus the central banks - are back in charge of oil... the volume in Silver and Crude during the early carnage suggests this was either total and utter manipulation or a forced close... * * * So to summarize: Earnings expectations continue to plunge to 10-month lows... US Macro data is a disaster (worst in world since start of year) at 11-month lows... Ukraine's cease-fire is not working... The Greek-EU drama has NOT changed as Greece's request to extend loan with no commitments will be screamed at by Schaeuble "nein nein nein"... Energy stocks are trading at a 28x dot-com-esque multiple... and stocks are at record highs... Charts: Bloomberg