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Bonds & Bullion Beat Stocks As Fed Frenzy Fades

Tyler Durden's picture




 

Do not worry... "it's contained"

 

From The FOMC Statement, Gold is 1st, Bonds 2nd, and Stocks 3rd...

 

and on the week the same picture...

 

WEAK CLOSE...

Trannies remain the big squeeze post-FOMC winner but Dow is the laggard...

 

On the week, however, Trannies lagged and ended the week red (down 4 of the last 5 weeks) as Small Caps (dominated by Biotech 'no brainers') led the pop...

 

Biotechs were up over 5% this week - the best week since Oct 2014 (up 7.25% from the lows of the week)

 

VIX ended the week unch...

 

Treasury yields ripped lower today and on the week the entire curve is lower led by a 17bps collapsd in 5y (among the biggest this year)...

 

The USDollar roundtripped on the day as late-day buying pressure for Swissy pushed it lower (but ended down 1.2% for the 3rd week in a row

 

Copper and Crude monkey-hammered on the day leaving gold and silver higher on the week...

 

Remember it's OPEX (Quad Witching)

h/t@NorthmanTrader

*  *  *

While stocks leaked today, the real Grexit fears are evident in Swissy...

 

European VIX...

 

and Bitcoin... (biggest week since January)

 

With that in mind, we leave you with this thought for the weekend and Monday's bank opening in Greece...

 

Charts: Bloomberg

Bonus Chart: Moar Flash Crashery...

 

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Fri, 06/19/2015 - 16:08 | 6215160 PeeramidIdeologies
PeeramidIdeologies's picture

Changing the rules again are we? If there's one thing that I find disreputable, it's a poor sport.

Fri, 06/19/2015 - 18:00 | 6215564 Xibalba
Xibalba's picture

Only teerists buy gold...the one you can hold that is. 

Fri, 06/19/2015 - 16:15 | 6215181 wendigo
wendigo's picture

If the economy crashes badly enough I'll be able to afford keeping some babes around as sex slaves. I'll put them in chastity belts and perpeptually deny them orgasm. It's the American way. 

Fri, 06/19/2015 - 16:19 | 6215194 Peak Finance
Peak Finance's picture

Be sure to keep them locked in a bank vault and don't give the combo to any one-armed angry feminists. 

 

Fri, 06/19/2015 - 17:05 | 6215339 debtor of last ...
debtor of last resort's picture

You sound like mr. Yellen.

Fri, 06/19/2015 - 16:15 | 6215182 Keltner Channel Surf
Keltner Channel Surf's picture

“Lisa Says” - Lou Reed/Velvet Underground

Lisa says at levels like this
it‘d be so nice if GDP could miss
Lisa says with inventories in a big pile
stocks could ramp for the longest while

Lisa says, Lisa says

Lisa says you must be some kind of fool
to think the Fed’s out of tools
Lisa says when she drinks 3 quarts of beer
FOMC minutes become perfectly clear

Hey, if you're looking at a hawk like Charlie
Well, he’s not really where it’s at
You know, Bullard’s the one
grabbin’ free lunches, having his fun

Lisa says, Lisa says

(Why am I short SPY?
Gee, you know those good times,
they just seemed to pass me by
Why did I short SPY?)

Lisa says that the range is tight
That’s why she buys so late at night
Lisa says if she’d shoot a gun
the bullseye HFT’s could still front-run

Lisa says, Lisa says

Looking for a part of the action
all done to make us feel okay
But what will we find when the time has come
to end this bull run?

Lisa says

Fri, 06/19/2015 - 16:50 | 6215299 ParkAveFlasher
ParkAveFlasher's picture

White Light!

Fri, 06/19/2015 - 17:03 | 6215332 Keltner Channel Surf
Keltner Channel Surf's picture

Had the rhythm guitar part of "What Goes On" goin' thru my head today, for some reason.  Funny how an 'obscure' 60s band many Top 40 fans never heard of can influence 'modern' acts like Stereolab, whose music seems unthinkable without them.

Fri, 06/19/2015 - 16:16 | 6215185 Rainman
Rainman's picture

Is it me, or is this a rotation ponzi within a larger ponzi ?

Fri, 06/19/2015 - 16:21 | 6215202 jump_mutha_fukah
jump_mutha_fukah's picture

RUT strike pinning is almost too absurd for those watching. Major indices all down and it closes nearly unch for the day...unreal...there is no liquidity in this market if an entire indices can be pinned at unch...God help anyone who wakes up on a major down day and tries to find an exit...there just simply won't be a bid, at least not a favorable one

Fri, 06/19/2015 - 16:31 | 6215235 Keltner Channel Surf
Keltner Channel Surf's picture

Yeah, recall when OPEX could provide firewords, if only in the last 45 min.  Now, add it to the list of "don't trade" days (along with virtually every other day of the month).  And unlike most times, don't think it's a conspiracy, I think the algos would love to see the standard moves happen (Keltner traversal on hourly charts, etc), but when they see a complete lack of follow-thru orders, they keep turning the boat around, like an ancient explorer tryin' to discover America in a bathtub.

Fri, 06/19/2015 - 16:50 | 6215301 jump_mutha_fukah
jump_mutha_fukah's picture

They have really screwed the pooch this time around...no retail folks will buy this market at these levels and that has always been the exodus plan, there simply is no exit of size...the Fed knows it, the big firms know it...no one of size can jump first or the whole shebang goes nuclear. Think we are almost there... Feels too much like 2007

Fri, 06/19/2015 - 16:57 | 6215319 Keltner Channel Surf
Keltner Channel Surf's picture

Primary dealers won't help (what a surprise), but you'd think a few of the bigger public funds, at upcoming quarterly meetings, might get the green light to raise a little cash, especially with the mini-spike in yields, but as long as cash equivalents yield nada, larger rebalancings won't happen.  Thus, they could give us a 3.9% 'correction' then sit on their hands until Oct.

Fri, 06/19/2015 - 19:25 | 6215828 stant
stant's picture

Now ya know why they have prepositioned all that military hardware around the USA. They drop the ball this time their ass has had it. Not sure how I feel about it, the devil ya know and all that

Fri, 06/19/2015 - 20:18 | 6215994 LooseLee
LooseLee's picture

Ha. ha. That military hardware will be used against 'them'. Mark my words!

Fri, 06/19/2015 - 20:16 | 6215990 LooseLee
LooseLee's picture

Agreed. Couldn't happen to a better gang of POS in the universe!

Fri, 06/19/2015 - 16:30 | 6215236 Unstable Condition
Unstable Condition's picture

Gawd I love that South Park bit.

Fri, 06/19/2015 - 20:57 | 6216095 r3ct1f13r
r3ct1f13r's picture

Yeah so I dug out vital signs...bitch of a song.

Fri, 06/19/2015 - 22:12 | 6216301 Unstable Condition
Unstable Condition's picture

Fun as hell on drums.

Fri, 06/19/2015 - 16:31 | 6215238 commishbob
commishbob's picture

Another poster (don't remember the name, but s/he deserves the credit) said, and I paraphrase, that "S/he can't wait for the day when every single stock in an index is negative...but the index itself is positive. Mock him/her at your own peril."

Fri, 06/19/2015 - 16:37 | 6215254 Bobbo
Bobbo's picture

Is that David Icke ?!

Fri, 06/19/2015 - 16:40 | 6215269 wendigo
wendigo's picture

David Icke is one man I'd like to have a cup of coffee with. Doesn't matter what he says, it'll be interesting. 

Fri, 06/19/2015 - 17:07 | 6215347 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

"I can't believe some of those Greeks still have money in the banks."

Will soon become

"I can't believe I still had money in a bank."

Fri, 06/19/2015 - 17:14 | 6215379 bluez
bluez's picture

I've read somewhere that over-regulation is much worse in Europe. This was not the case 40 years ago. Now I must call the lawyer to go to the bathroom. No shit.

Fri, 06/19/2015 - 17:39 | 6215475 BurningFuld
BurningFuld's picture

Yes shitting is extra.

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