Tuesday Turmoil? Stocks, Bonds, USDollar, Oil & Gold All Sold

Tyler Durden's picture

US equity futures started to slide once German confidence data hit early in the morning (and Treasuries rallied modestly) but as the US opened, the ubiquitous "markets are open and I must buy' rip hit... but didn't last. Stocks leaked lower but stopped as Europe closed (in a mirror of yesterday) but could not hold bounce gains as worries over Russia's convoy weighed on markets late on. The S&P and Dow end the day unch (Russell -0.5%, Trannies up 0.6%) on the week. As stocks old off, somewhat oddly, so did the US Dollar (on EUR strength - reptariation?), US Treasuries, gold and copper. 330RAMPCAPITAL turned up (well it is Tuesday), slammed VIX, and jammed stocks (except Russell) back to green (VWAP) but it didn't hold. S&P futures volume was over 40% below average.

 

Mirror of yesterday as stocks dumped early and stalled at the European close.. but headlines kept coming and pushed markets lower to the end of the day...

 

Machines were in charge today as normal with VWAP (blue line) resistance all day (suggesting institutional sell orders were waiting)...lower pane shows volumes massively below average this week

 

We bounced twice off last week's "NATO Threat" levels today...

 

Treasuries rallied off the German data but once US markets opened, selling began and kept going even as stocks sold off...

 

FX markets ended with the USD higher but the main action was selling from the German data that appeared all about EUR repatriation and derisking...

 

Commodities slipped lower overall (even as the USD strengthened) with gold back to unch on the week (and copper worst)

 

Notably Brent dropped to 2014 lows - dragging Brent-WTI back under $6...

 

Charts: Bloomberg

Bonus Chart: Ebola-trade favorite Tekmira dumped 20% on the day...