Small Caps Plunge Negative Year-To-Date (Again) As 10Y Slides Below 2.20%

10Y yields are back below 2.20% and 30Y below 2.85% - awkwardly close to the Bullard lows - and stocks appear to be waking up to the massive squeeze-driven decoupling in the last 6 weeks (as USDJPY tests below 118.00). Small Cap Russell 2000 has plunged back into the red year-to-date, and the rest of the equity complex is not "off the lows". Remember, it's all about the fun-durr-mentals.

Russell 200 back in the red year-to-date but the collapse in Trannies is significant as low oil prices are suddenly not great news...

As bonds test low yields of the year...

And Treasury shorts remain massively high...

Charts:Bloomberg

Comments

[HedgeAccordingly]

Well timed yen appreciation day. Has gold
Bugs riled up. Sold to them.

http://hedgeaccordingly.com/2014/12/farm-in-snowdonia-wales-tests-electr...

[LawsofPhysics]

Interesting, but I am not sure how an electric Land Rover is going to help you farm for 7+ billion people.

[medium giraffe]

It's being trialed in Wales you see? It's not for farming, it's for sneaking up on livestock, isn't it.

[Winston Churchill]

Does it have all wheel drive Wellies ?

[max2205]

Annnnnd we are green on IWM, perfectly normal

[TheRideNeverEnds]

Yup, idk what kind of retards don't realize every downtick is a screaming buy by now.

[SWRichmond]

I am loving the displays of volatility in the gold price.  We ain't seen nothing yet.

[Lewshine]

*NEWSFLASH: This downside move is as contrived as any to the other side of the boat! If it ain't down 1000 points, IT'S WORTH RESCUEING...We will give explanation thereafter!!

Your friend always,

Kevin

[SheepDog-One]

But....but....'rates set to rise at any moment....we're super serial you guys!'

[Took Red Pill]

and gold is skyrocketing!

[LawsofPhysics]

With central banks considering negative interest rates between zero and minus infinity, just think of the upside for treasuries...

"winning"

[Keltner Channel Surf]

I'm not sure what the Tylers are looking at (I assume just a writing/posting delay), but the goddamn Russell is bucking today's trend, and is heading toward Unch (!!), pure manipulation back to the 20 DMA against the other indices (?)

[toros]

ZH before you bring out the deer, could you get WB7 to work him into a Rudulph?  :o)

[valley chick]

Patience grasshopper....it is not 4 pm yet. Still have the 3:30 pm ramp.

[IBelieveInMagic]

When is Bullard scheduled to speak?

[medium giraffe]

I Love Chartgasm Tuesday!

[blaireauhedge]

ZH calling the bottom.

AGAIN!

[blaireauhedge]

Ah ah!

Truth hurts?

[Bell's 2 hearted]

"And Treasury shorts remain massively high..."

heh heh

and a (short) fool is soon separated from their $$s ...

[Bell's 2 hearted]

re all the propaganda following disastrous black friday weekend retail results "improving economy and people don't need to shop just for doorbusters"

ICSC - Goldman chain same store sales index for week ending december 6th

week over week ... -1.5%

and prior week? ... -1.8%

[John Law Lives]

The snapshot taken of the S&P 500 in the chart above at 2034.5 seems to very nearly mark the low of the day in the S&P 500 before the upward surge began.  It is uncanny how many times something like this seems to happen here.