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Blood On The Street In The Big Boys' Markets: Bonds & Dollar "Blatter"-ed

Tyler Durden's picture




 

We suspect more than a few professional traders can find some analagous context with this clip after today's turmoil... (forward to 1:30 if it does not automatically jump)

Quite a day...

  • 0400ET Early drop on hotter-than-expected EU inflation
  • 0500ET Ramp on Greek deal rumors once again
  • 0815ET Airline Bomb Threats send stocks lower
  • 0830ET BTFDers ignore those headlines - stocks jump
  • 0915ET Dijsselbloem dismisses deal - stocks drop
  • 0945ET S&P touches 50DMA and bounces
  • 1000ET Terrible Factory Orders data - stocks surge
  • 1130ET Rip to new highs as algos latched on to Crude's spike - run stops
  • 1200ET VIX monkey-hammered lower surges stocks
  • 1400ET Stocks start to rollover on no news
  • 1430ET NYMEX Closes, oil-stock link fades and stocks drop into red
  • 1445ET RTRS headline bullshit on EU agreement on terms for Greece
  • 1500ET Great Auto Sales data bumped stocks briefly but faded

*  *  *

While stocks traded like an EKG today, the big story is in FX and Bond markets where turmoil was an understatement...

The USDollar was crushed today... down a stunning 1.8% as EUR spiked over 2% ahead of tomorrow's ECB conference

 

This is the 2nd biggest down day for the Dollar since March 2009...

 

All driven by a huge roundtrip in EURUSD...

 

Bond yields were smashed higher - in Bunds...

 

And Treasuries... 30Y Yields broke above 3.00% once again

 

Stocks and bonds recoupled yesterday but once EU inflation hit and spanked Bunds, TSYs and US equities decoupled once again...

 

Stocks and USDJPY carry decoupled as they plunged this morning and algos flipped to EURJPY as the driver...

 

*  *  *

Ok so how did stocks do on the day...

 

In cash - exactly the same pattern as yesterday!

 

 

And since Friday's close...The Dow is clinging to Green, Trannies outperforming (despite oil's rally)

 

S&P bounced off its 50DMA...

 

VIX was once again gappy and noisy...

 

Despite all the carnage in the dollar, commodities were kinda blah... positive but modest...

 

Although stocks and Oil recoupled after Europe closed...then decoupled after NYMEX close (note the 2 pumps in Crude early on that led stocks)

 

Charts: Bloomberg

Bonus Chart: Deja vu all over again...

 

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Tue, 06/02/2015 - 16:10 | 6156607 mcbond
mcbond's picture

The Russian maker of the Buk surface-to-air missile system says the Malaysian Airlines jet that crashed in eastern Ukraine last summer was hit by a missile that is used by Ukraine but not by Russia.

 

Almaz-Antey claims attack could only have been carried out with system that is used by Ukrainian army but not by Russia A Russian defence conglomerate

more: http://tersee.com/#!q=mh17&t=text

Tue, 06/02/2015 - 16:23 | 6156683 Xibalba
Xibalba's picture

Shalom!!!  SCHMA'ISRAEL!!!  I mean....ALLAHU AKBAR!!!

Get the Commie's!!! 

RED ALERT!!!

--- Your's truly, George S.

Tue, 06/02/2015 - 16:31 | 6156741 Say What Again
Say What Again's picture

At the end of the boat video, the driver tells his girlfriend to "get rid of the beers"

Tue, 06/02/2015 - 17:52 | 6157098 Soul Glow
Soul Glow's picture

Ironic that someone bought a massive amount of silver yesterday before the great dollar dump?

Get rid of the beers, Janet!

:)

Tue, 06/02/2015 - 16:24 | 6156684 Oh regional Indian
Oh regional Indian's picture

Cannot say it often enough...and this is the Collapse COmplex, in it's entirity, all go down together.

This is what I feel will be the completeness of the attempt to handover to cashless and imefffing control.

Gold/Oil/Dollah

ergo GOD.... look, GOD is going down people...churches crashing, institutions crashing...nothing is sacrosanct anymore....

it's a fractal world...

One leg "goes", it's humpty dumpty time b's and g's!

https://aadivaahan.wordpress.com/2010/06/18/of-tipping-points-and-shape-...

Tue, 06/02/2015 - 19:26 | 6157432 zeroaccountability
zeroaccountability's picture

As always, your shit is so fucking lame, brah.

Tue, 06/02/2015 - 19:28 | 6157439 zeroaccountability
zeroaccountability's picture

/\  /\   /\  =Your brain on drugs.

Tue, 06/02/2015 - 19:55 | 6157523 espirit
espirit's picture

+1 @ORI

Finally somebody here spells 'Dollah' the correct way.

Tue, 06/02/2015 - 16:09 | 6156609 Kaiser Sousa
Kaiser Sousa's picture

but, but, but atuo sales!!!!!!!!

"we rolling Hammer..."

Too Big MC

Tue, 06/02/2015 - 16:14 | 6156639 Keltner Channel Surf
Keltner Channel Surf's picture

“The House That Janet Yellen Built”     from “The House That Jack Kerouac Built”     by The Go-Betweens

You and I are leveraged, with no hedging at all
With the Sony on Bloomberg, I’ll give you pleasure as you price calls
Want you to have profits, and my affection too
Making love to ‘The Pulse’, that’s what you’ve driven me to

Want us to be lovers, want us to be friends
But this Fed worship, it’s got to end
Keep me away from her

With liquidity like a patchwork quilt
Oh no, what are we doing long in the house Janet Yellen built?
It’s black magic, with bad stocks on a roll
My Wall St. friends say the Fed sold its soul

You won’t draw our curtains till the closing bell
With trends so weak we go through hell
Keep me away from her

Shake off your dependency on trading while jacked
You’re gulping coffee that’s Irish and so black
I know she’s a dove, most dovish person alive
But are we bulls deep down inside?

Want us to stay lovers, want us to stay friends
But what’ll it be like if the Dow tumbles and then it ends?
Keep me away from her

Baby, I'm lonely
You’ve turned the TV up too loud

Tue, 06/02/2015 - 16:38 | 6156788 Money Counterfeiter
Money Counterfeiter's picture

So far Yellen has held her fingers off the ctr prt button.

Tue, 06/02/2015 - 16:15 | 6156640 adr
adr's picture

So in another few days we will be up 100% in WTI since the March bottom.

This really has to be the year everything goes to hell. I guess Michael J Fox failed to stop Biff in 1955. The real 2015 is an alternate reality and we are stuck in opposite land.

Tue, 06/02/2015 - 16:15 | 6156644 Bastiat
Bastiat's picture

I'm pretty sure I saw all the gold and silver go over the side.

Tue, 06/02/2015 - 16:28 | 6156719 kaiserhoff
kaiserhoff's picture

No worries.

I got the GPS location;)

Tue, 06/02/2015 - 19:58 | 6157529 espirit
espirit's picture

So did the KH5 satellite.

(jus kiddin)

Tue, 06/02/2015 - 16:26 | 6156681 Traderone
Traderone's picture

C,mon guys, you've gotta admit that the current PA is a daytraders dream. Traps both below and above Globex levels and previous days highs/lows have been working exceptionally well,,, unless of course you haven't been paying attention to those set-ups. (giggle),wait,   ,what, guys? guys?  come back here,,,,,,,,,.  

 

 

Tue, 06/02/2015 - 16:35 | 6156763 Keltner Channel Surf
Keltner Channel Surf's picture

Yeah, we noticed, but think it's only because pre-JOBS, pre-GREECE intraday liquidity has been so poor, especially from 10:45 - 2:45, clearly no buy-siders are participating as bulls or bears, so native machines play the max pain trade.  Though this fits your previously reported style, it'll be a 'healthier' trading market, IMO, if we can get more participation, more lasting moves that don't sweep aside Daily chart technicals. hit more volatility bands, etc.  Today's pattern can make many 'old school' standard volume providers opt out entirely, giving us many horizontal days where virtually no one wins.

Tue, 06/02/2015 - 16:45 | 6156841 Traderone
Traderone's picture

Yep, happy to concede that my trading plan is going through a purple patch in current PA but it also keeps me safe when it changes . we obviously have different styles but isn't variety the spice of life?

Tue, 06/02/2015 - 16:24 | 6156689 Rainman
Rainman's picture

Well, I guess Greece is fixed. Anybody lookin for a Dow20k hat, you know where to find me.

Tue, 06/02/2015 - 16:27 | 6156715 Kaiser Sousa
Kaiser Sousa's picture

how much??

and what colors u got?

Tue, 06/02/2015 - 16:26 | 6156701 angel_of_joy
angel_of_joy's picture

The driver of that boat looked "cool" and "in control" until the very last wave hit. Then, he was tossed aside like a disjointed muppet, only to re-emerge looking like a dork with a huge bump in his head. I'm sure there is a fitting metaphor in all this, and not only for today's trading...

Tue, 06/02/2015 - 16:36 | 6156773 duo
Tue, 06/02/2015 - 16:45 | 6156839 stant
stant's picture

I have had several bad ones. The worst was stuffing one at about 136

Tue, 06/02/2015 - 16:29 | 6156730 Tinky
Tinky's picture

A very interesting (gold) article just published by Koos Jansen:

https://www.bullionstar.com/blogs/koos-jansen/us-government-lost-7-fort-...

Tue, 06/02/2015 - 16:52 | 6156882 Itch
Itch's picture

LO FUCKING L, the guy at the back headbuts the rail 3 times, so funny.

Tue, 06/02/2015 - 16:58 | 6156891 q99x2
q99x2's picture

Dude, you making fun of BTFD'ers?

May auto sales strongest in nearly a decade

Tue, 06/02/2015 - 20:01 | 6157539 espirit
espirit's picture

Hundai's @ 10 years?

$50K trucks?

No thank you.

Tue, 06/02/2015 - 17:01 | 6156920 blindman
blindman's picture

maybe the dude has insurance?
.
"First, major Wall Street banks hold hundreds of billions of dollars of life insurance on their workers, and even prior workers, effectively betting that an early death will pay off big for the corporation. The bank collects the death benefit as tax free income, an added perk. In most cases, neither the employee, public nor shareholders know how much life insurance is held on any one individual. The death of a technology vice president could generate a $3 million tax free payment to the Wall Street bank and there is no public acknowledgement and no way to obtain the data.

As of December 31, 2013, the four largest Wall Street banks, JPMorgan Chase, Wells Fargo, Bank of America and Citigroup, held a total of $68.1 billion in Bank-Owned Life Insurance (BOLI) assets according to their financial filings. Since the ratio of life insurance in force to assets can run as high as ten to one, just these four banks alone may hold $681 billion or more in life insurance on their current or past workers." pm/rm
.
Wall Street Banker Deaths Continue; Where Are the Serious Investigations?
By Pam Martens and Russ Martens: June 2, 2015
http://wallstreetonparade.com/2015/06/wall-street-banker-deaths-continue...
.
how can this possibly be legal?

Tue, 06/02/2015 - 19:00 | 6157343 logicalman
logicalman's picture

Quote:

how can this possibly be legal?

Simple - it's banks that are doing it!

Tue, 06/02/2015 - 20:03 | 6157543 espirit
espirit's picture

Nowadays, Banksters are worth moar dead than alive.

Hint hint.

Tue, 06/02/2015 - 17:15 | 6156956 Soul Glow
Soul Glow's picture

Those sorry bitchez needed to BTFD!

:)

Tue, 06/02/2015 - 17:39 | 6157044 davidalan1
davidalan1's picture

HOLY SHEEEIT...how the fuck can i read the charts when I CANT BREATH after the video...OMG??

Tue, 06/02/2015 - 17:59 | 6157124 the not so migh...
the not so mighty maximiza's picture

Some people don't have sea legs

Tue, 06/02/2015 - 19:02 | 6157350 logicalman
logicalman's picture

I think the guys on the boat were more interested in what's between the legs, sea or not!

 

Tue, 06/02/2015 - 20:07 | 6157559 espirit
espirit's picture

Cock the throttle wide open half way through the vid to show how Stoopid UR.

Tue, 06/02/2015 - 20:09 | 6157568 espirit
espirit's picture

"The Thrill of Death, the Agony of Defeat".

Tue, 06/02/2015 - 18:23 | 6157209 walküre
walküre's picture

"analagous context..."

how do you make this up? you can't!

Tue, 06/02/2015 - 21:49 | 6157807 Proofreder
Proofreder's picture

It's allright, OK, no worries ...

the girls have good life preservers, full and bouncy.

What ???   never mind.

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