We had a hint that today's session was going to be a faceripper when we reported last night that some of the most stubborn market bears - the hedge funds - had thrown in the towel and had capitulated on their shorts. Sure enough, amid this accelerating marketwide short squeeze (which so far still has evaded the most bearish "long only" funds which we will discuss in a latter post), today's meltup was especially memorable as it not only cemented the Nasdaq's new bull market, but sent the broader market up more than 3% for the week, its 4th consecutive week of gains (starting with the week when Powell announced ... (full story)