Schizophrenic Stocks Close Mixed As 30Y Yield Nears 10-Month Lows

Tyler Durden's picture

Euphoria over Apple channel-stuffing and non-GAAP magic for Facebook quickly turned into the HFT-liqudity-providers nightmare as rumors of an emergency Putin press conference sent USDJPY tumbling lower (and therefore US equities). Once the rumor passed - and despite all the facts on the escalation - stocks bounced (especially Nasdaq) to close mixed. S&P and Dow unchish, Nasdaq +0.5%, Russell -0.5%. VIX was in charge in general once the ramp was under-way but even that went into crazy mode as algos lost the plot. Credit markets are "deniers" of the exuberance as are long-end Treasuries which rallied another 2bps and near 10-month lows. Gold was monkey-0hammered early but rallied on Putin's comments and closed unchanged for the week above $1290. Copper rallied notbaly eback above its 50DMA and Oil limped higher as the USD flatlined.

 

V-Shaped recovery...

 

But the recovery was very uneven...

 

And on the week all the indices are holding green for now...

 

Momos had quite a day...

 

Credit vs stocks on the week...

 

VIX had quite a day also... but note the late day ramp in VIX failed to excite stocks

 

Treasuries are very mixed on the week as the flattening trend persists...

 

Gold and silver had their own wild ride...

 

Copper cracked back above its 50DMA...

 

 

Charts: Bloomberg

Bonus Chart: The MSFT "beat" in context...