Charts today - VIX, non-farms, wages, Dow thousand points and H1 asset class performances

Well, what a last 24 hours or so for markets, especially in America with record highs in the Dow and S&P and another VIX low...

Of course the catalyst for this was not the pre 4th July holiday euphoria but also the jobs report.  Lots of good news here which, as Fast FT noted, was assisted by assisted by government jobs also reversing previous declines:

However not all is well in the US labour (labor!) markets.  Leaving aside participation rates wage growth is all-critical for consumption levels - and this remains muted.  Not everything is great and that is why Janet Yellen is not rushing to raise interest rates.

A couple of final charts from the excellent @EM_Equity.  Really enjoyed this chart on the 'thousand-point milestones' - they can come quickly in bull markets (and yes I know for real chart statistical validity we should be looking at this in log scale - yawn!)

Second, a really nice YTD asset performance chart.  Which performance surprises you most?  And what will the ordering be for H2 2014?  I will have a few thoughts on this later on today...