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DEC 23, 2013 - Zero Hedge

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Low Volume Melt-Up Continues - Dow & S&P Close At New Record Highs

New 52-week highs reached 2-month highs (and lows at 1-month lows) as stocks ruged to new record-er highs once again today. Aided by AAPL, the NASDAQ outperformed but the ridiculousness was not limited as TWTR continues its exponential rise (up over 59% in the last 2 weeks). Today's range was small in stocks (except for a strange - likely rebalancing related - 6% rise in the Russell at the open) and volume barely above the lowest of the year. Bonds sold off modestly with 7s and 10s worse at +3.5bps following ths morning's un-fat-finger idiocy in Treasury Futures markets. VIX was ... Read More

Tags: Low Volume Melt-Up Continues - Dow & S&P Close At New Record Highs,  Commodities Latest News