AAPL & Stocks 'On'; Rest Of Risk 'Off'

Tyler Durden's picture

AAPL's phoneix-like rise from the WWJTD lows this morning has been capped at yesterday's closing VWAP. Stocks and Gold are recoupled for the week pushing towards the highs (and high yield credit and stocks have recoupled). While equities are pushing their highs, Treasury yields plumb new lows, EURUSD has given up all the week's gains and more, and Oil is plunging. So, another day, another dislocation as not even Harrry Reid's indignance can move markets today...

Gold/Stocks vs Bonds/USD/Oil

 

Simplified...

 

and AAPL's thin-blue-line...

 

Charts: Bloomberg and Capital Context