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Crude Crushed, Bonds Battered, & Trannies Tank As Greenback Gains

Tyler Durden's picture




 

Since the day was all about EUR-crushing Q€ front-loading and Germany's "we are at an impasse" statements in Europe, we thought the following (h/t @DougKass) would entertain as while US investors believe it is 'inconceivable' that US stocks would quake at anything, it really is down to Germany vs Greece...

Before we get to stocks, there were bigger moves afoot today that must be focused on...

The best 2 days in USDollar since October 2011 (driven by EUR's plunge after Coeure's comments)...

 

And the collapse in commodities - especially crude...

 

And an illiquid spike in Treasuries again...

 

As futures show stocks pumped and dumped on Q€, on good housing data and just on stop hunts

 

Trannies were really ugly today... MUST.CLOSE.S&P.GREEN!!! #FAIL!

 

AAPL down, WMT smacked.. then YHOO crashed and BABA popped on China import tariff news

 

Total Carnage in YHOO in the last few minutes...

 

Something very odd here - looks like a big arb got stopped out..

 

Wal-Mart's weakness chipped 22 points off the Dow (and that is after they still couldn't beat earnings that had been crushed...

 

And on the week...Trannies end today in the red..

 

VIX surged in the mid-afternoon... it seems someone wanted to hedge ahead of tomorrow's FOMC minutes... and don't forget what Bob Pisani said today "you're guaranteed to make money buying VIX"

 

Treasuries were all over the pace today as ECB headlines and US data ruffled an illiquid markets

 

While we noted earlier the 10 days in a row that US Treasuries have sold off (yields rise) from 1330-1400ET, the almost ubiqutous selling from early US morning to the European close is just as 'oddly' managed... 18 days yields was up in thelast 23 days...

 

The dollar ripped higher today...

 

On the back of a collapse in EURUSD... 350 pips below Friday's highs... (3rd diggest drop since Oct 2011)

 

Commodities were smashed lower in general as the dollar strengthened... biggest drop in Silver in 3 months, biggest drop in copper in 4 months...

 

Crude crushed lower - erasing all gains post April's inventory 'draw'... as June went off the board...

 

Charts: Bloomberg

Bonus Chart: Still could be worse...

 

A lot worse...

 

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Tue, 05/19/2015 - 16:08 | 6110871 zorba THE GREEK
zorba THE GREEK's picture

Our day will come and it will be huge.

Tue, 05/19/2015 - 16:56 | 6111099 Took Red Pill
Took Red Pill's picture

and gold gets monkey hammered again

Tue, 05/19/2015 - 17:35 | 6111206 junction
junction's picture

Don't use the word "trannie," or you could wind up like Joan Rivers.  Rivers, suddenly dead in a bizarre medical mishap just weeks after she called Michelle the T word.  On another news note: (NYT) Responding to reports that four of the dead were shot by officers, Sergeant Swanton said: “Is it possible? Yes. Is it a fact? No, because the autopsies are not complete.”  So, already four of the 9 Waco dead were shot by cops.  My guess is the final total will be seven, with two of the dead shot through and through, bleeding to death, no bullet recovered.  Of course, the cops claim that the bikers shot at them.  The only thing missing from the crime scene was a bunch of throwdown Tasers.

Tue, 05/19/2015 - 17:45 | 6111236 DutchBoy2015
DutchBoy2015's picture

Joan Rivers also said just before she died that all the Palestinians, especially the kids should be killled.  May she rot in hell.

Tue, 05/19/2015 - 17:51 | 6111260 knukles
knukles's picture

Saint Joan is not to be trifled with.  Be careful what lines you cross here on the Hedge.  Hell has space for the profane and sinners, oft relegated to a paper boat attempting to cross the Burning River of Blood to the Island of Eternal Damnation in the Seventh Circle
I'm just tryin' to help ya'.
You know how caring and sensitive some of us are, ever so easily hurt.

Tue, 05/19/2015 - 17:56 | 6111274 DutchBoy2015
DutchBoy2015's picture

Where is that satanic cunt buried so I can take a massive shit on her KIKE grave?>

Tue, 05/19/2015 - 18:07 | 6111310 sun tzu
sun tzu's picture

time for your prozac

Tue, 05/19/2015 - 16:10 | 6110880 dimwitted economist
dimwitted economist's picture

Next Stop Dow 20,000!!! WOOOOHOOO!!!!!!

Tue, 05/19/2015 - 16:18 | 6110926 Rainman
Rainman's picture

Hookers with big tats .... and blow !

Tue, 05/19/2015 - 16:56 | 6111104 dimwitted economist
dimwitted economist's picture

Too Bad REALITY Sucks and so does the REAL ECONOMY!!!!

Tue, 05/19/2015 - 16:58 | 6111109 dimwitted economist
dimwitted economist's picture

Gas jumped to $2.79 a Gallon today here in Michigan...

Tue, 05/19/2015 - 17:43 | 6111229 DutchBoy2015
DutchBoy2015's picture

Thats dirt cheap, we pay 8 bucks a gallon ( in liters).

Tue, 05/19/2015 - 18:48 | 6111449 Automatic Choke
Automatic Choke's picture

what's that in dog years?

Tue, 05/19/2015 - 16:10 | 6110883 Make_Mine_A_Double
Make_Mine_A_Double's picture

It is so unworldly watching how sham housing data impacts on manipulated resources prices that bleed into fake bond yeilds and push no earning, no volume equities to another artifical high.

Pass the bong.

 

Tue, 05/19/2015 - 16:16 | 6110915 Winston Churchill
Winston Churchill's picture

Better make it smack in it.

Tue, 05/19/2015 - 16:11 | 6110888 Kaiser Sousa
Kaiser Sousa's picture

hilarious watcing the Dow limp the green to arrive at "A NEW ALL TIME HIGH..."

fuxking farcical.....

Tue, 05/19/2015 - 16:11 | 6110890 Stoploss
Stoploss's picture

All Law majors should be focused on bankruptcy. That's where the bucks are going to be. (If there are any by then).

Tue, 05/19/2015 - 16:12 | 6110893 Ignatius
Ignatius's picture

Cash (USD) is rising and THAT is what they want to ban.

Excuse me while I go shoot myself... again.

Tue, 05/19/2015 - 16:25 | 6110963 Bell's 2 hearted
Bell's 2 hearted's picture

NAR will put a stop to that talk

 

no way will they allow the flow of corrupt foreigners laundering briefcases of cash into no questions asked real estate end

Tue, 05/19/2015 - 16:39 | 6111020 PTR
PTR's picture

You know...you only need a parachute if you plan on jumping out an airplane once.

 

Twice, however...

Tue, 05/19/2015 - 16:44 | 6111048 DutchBoy2015
DutchBoy2015's picture

You can't pack your own chute??

Tue, 05/19/2015 - 16:12 | 6110894 Keltner Channel Surf
Keltner Channel Surf's picture

“Temptation”  (Substance version)    by New Order

QE, a gateway drug, I hope
Need something stronger, real soon, it’s no joke
And though it’ll hurt me to re-cross that DMA
A few Fed words, carry trade goes back our way

Up, down, turn around, please don’t let it stay range-bound
Tonight I’ll get a margin loan, pick up some TOL on my way home

Each market turn, I know I’ll always try
To break this wedge that’s been forming around me
From time to time, I may have lost momentum
But a more urgent FOMC could put us green

Oh, I’ve got REIT buys, oh I’ve got Spoos buys, oh I’ve got AGG buys
Oh, you’ve got RUT buys, oh you’ve got QQQs buys, oh you’ve got K buys!

And I’ve never seen anything quite like this before
No, I’ve never seen a market quite like this before

V-bottoms form at the channel down below
CALPERS of this world have no place else to go
Snap-back rally from the pivot down below
Bullard preens and it’s ‘all systems go’

Oh, it’s the last time, oh just one last time, oh just one last buy
Oh, I’ve never seen anything quite like this before

Tue, 05/19/2015 - 16:16 | 6110914 ZoroAustrian
ZoroAustrian's picture

King dollar back again ... vomitrocious

Tue, 05/19/2015 - 16:17 | 6110921 Bell's 2 hearted
Bell's 2 hearted's picture

Go long Harley-Davidson

 

and brass knuckles

Tue, 05/19/2015 - 16:20 | 6110940 Stoploss
Stoploss's picture

They must be using a coc grinder on the VIX.

Tue, 05/19/2015 - 16:21 | 6110943 22winmag
22winmag's picture

Prostitute?

 

The only prostitutes I know work on Capitol Hill and in Corporate America.

 

They rent their bodies, brains, and souls to the highest bidder.

Tue, 05/19/2015 - 16:21 | 6110946 stant
stant's picture

I am standing next to the fence outside the traders gulag, the sadness is madding.

Tue, 05/19/2015 - 16:25 | 6110961 jubber
jubber's picture

This site is impossible to use on a mobile can someone please fix it?

Tue, 05/19/2015 - 16:36 | 6111004 adr
adr's picture

Works ok for me other than the pop up keyboard keeps disapearing.

Tue, 05/19/2015 - 16:48 | 6111070 DutchBoy2015
DutchBoy2015's picture

If you are on Android and running 4.4.2 KitKat or 5.0 Lollipop you can get AdAway app and you are in business.  Make sure you root the phone first.

Tue, 05/19/2015 - 16:27 | 6110971 disabledvet
disabledvet's picture

Where'd she get the smack from?

 

Any case talk about trading on inside information.

 

Sorry but the whole European financial system looks like a fraud to me.

 

Certainly a "fraudulent conveyance."

Tue, 05/19/2015 - 16:35 | 6110991 Goldenballs
Goldenballs's picture

When you create currency from fresh air,when you manipulate every market and asset you corrupt and taint everything.The day is coming when trillions of off balance sheet manipulation spills truly into the open and every sane person will want out,that day comes closer with every day like today.Everything we thought we knew is nothing of the sort but everything we stand for on this site will prove to be right.We are the old and the new " normals " we are the future,we are the people,we are the light.

Tue, 05/19/2015 - 16:35 | 6110998 adr
adr's picture

Whaaahahahaaaaahaahaha

What a total shitshow. What else can you say about it.

Remember when good housing data caused crude to jump 5% because it meant more people would be buying new cars to go along with their new homes and drive more because they were moving further from work? It wasn't ever really true, but they had to explain the bullshit moves with some narrative.

Every single fucking thing trades based on whether or not free money will be handed out. What a way to run the world.

Tue, 05/19/2015 - 16:41 | 6111032 DutchBoy2015
DutchBoy2015's picture

Whoo hooo, made another 50 bucks on the dollar gains in the exchange rate  euros to dollars.

Tue, 05/19/2015 - 16:46 | 6111055 thismarketisrigged
thismarketisrigged's picture

cant wait to see what the fucking shitshow in china does tonight.

 

shangahi will prob be up like 4 percent.

 

these moves are comical, no one ever wants to take profits, its amazing.

 

its like '' o good housing data ( manipulated that is) so these levels that stawks r at r totally justified.

 

who cares that gdp is negative, earnings r shit, etc, as long as the month of april had good housing data, that totally justifies that s&p at these levels.

 

this economy fucking rocks!!

Tue, 05/19/2015 - 16:46 | 6111056 thismarketisrigged
thismarketisrigged's picture

cant wait to see what the fucking shitshow in china does tonight.

 

shangahi will prob be up like 4 percent.

 

these moves are comical, no one ever wants to take profits, its amazing.

 

its like '' o good housing data ( manipulated that is) so these levels that stawks r at r totally justified.

 

who cares that gdp is negative, earnings r shit, etc, as long as the month of april had good housing data, that totally justifies that s&p at these levels.

 

this economy fucking rocks!!

Tue, 05/19/2015 - 23:54 | 6112356 JoWazzoo
JoWazzoo's picture

Yeah on ...

"these moves are comical, no one ever wants to take profits, its amazing."

 

Wonder if all these newly rich stawk buyers were told that PAPER profit is not REAL until you fucking SELL!!!

 

All the selling is simply done by algos who bought a few cents cheaper 30 seconds earlier.

 

It truly is comical in a way to watch these effed up Zombie markets.

 

And VXX is dead Jim.  Good lord.  I remember a time when indexes set new record highs you would see at least a minor blip in vix/vxx as folks layed on a wee bit of insurance.  No more.

Tue, 05/19/2015 - 16:54 | 6111086 Hammerabi
Hammerabi's picture

i dont think BABA and YHOO moves were related to TPP

YHOO (and inital BABA) dip were from IRS mentioning spinoff may not be tax free.

BABA bounce from Apple/Alipay partnership

Tue, 05/19/2015 - 17:37 | 6111213 gagasonnoni
gagasonnoni's picture

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Tue, 05/19/2015 - 17:46 | 6111242 roadlust
roadlust's picture

SLV has been on life support for days now, rising on no vol.  I huge dump was only a matter of time (I.e. just after options expired.) 

Same with SPY. 

Look out below.   Should be some good follow through on the silver/gold dumping tomorrow.  And carnage if the Fed hints at rate rise.

Tue, 05/19/2015 - 23:27 | 6112310 JoWazzoo
JoWazzoo's picture

Jeez.  No graph or mention of Dow & S & P setting yet another all time high.  And bonds and stocks appear to be iffishully dislinked.  What you have been watching the past few days is a slow motion waffle spike.

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