• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Crude "Flash-Crash" As Stocks Open Higher

Tyler Durden's picture


S&P futures are up 10 points (though below Friday's highs) as they open amid better-than-average volume for the Sunday evening session. Treasury futures prices have dropped notably implying around a 6-7bps yield increase with the 10Y trading around 2.84% (above Friday's high yield). The USD is modestly higher as JPY weakens but it is the oil complex that saw early chaos as it flash-crashed over $3.50 at the open before bouncing back. WTI is now holding steady at around $106. Gold and Silver followed WTI's lead with the yellow metal dropping over $20 at the open before bouncing back.

WTI collapsed at the open only to bounce back above $106...


Gold is following a similar trajectory...



but bonds are notably weaker as stocks push higher...


Charts: Bloomberg

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