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Jobs Jolt Sparks Bond Bid; Stocks Skid As "Day Of Greckoning" Looms

Tyler Durden's picture




 

A little premature but...

 

Deja Vu all over again...

 

Greece still doesn't matter...

 

Stocks limped higher into the payroll print - running stops above yesterday's highs... then dropped to yesterday's lows before trying to melt up into the last illiqui hour...

 

Small Caps were weak out of the gate today...

 

On the week, Small Caps are worst...

 

But since the peak of "Greece is rescued" last weekend, Trannies are the biggest loser...

 

Bonds rallied on the weaker than expected payrolls data, stocks slowly caught down, accelerated by the comments by The IMF...

 

European risk is now double that of American stocks - the highest spread in 13 years...

 

Social media darlings continue to take it on the chin (not Yelp's big dump today)...

 

Bond yields ripped lower on the jobs data, stabilized then squeezed into the close... NOTE that 30Y tagged unchanged perfectly before payrolls snapped yields lower...

 

The US Dollar drifted sideways to lower with a jolt lower on the jobs data...

 

Commodities were mixed but had some precious metal turmoil aroun dthe jobs data...

 

Gold & Silver ended the week lower after a number of crazy moves...

 

Crude was whipsawed as rig count increases and Iran Deal rumors dominated any BTFD hopes... on target for the worst week in 4 months - lowest weekly close sicnce April 17th

 

 

Charts: Bloomberg

Bonus Chart: Feeling spooked?

 

 

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Thu, 07/02/2015 - 16:23 | 6263563 FreeShitter
FreeShitter's picture

Happy 4th of Jewlie

Thu, 07/02/2015 - 16:23 | 6263624 TeamDepends
TeamDepends's picture

Nope, this one is tears and mourning.

Thu, 07/02/2015 - 18:53 | 6264108 Squid Viscous
Squid Viscous's picture

unlike the last 150 or so?

Thu, 07/02/2015 - 16:53 | 6263734 44MagnumPrepper
44MagnumPrepper's picture

ALL HAIL NOPAT

Thu, 07/02/2015 - 16:08 | 6263575 ted41776
ted41776's picture

no, you got it all wrong! everything is awesome! our government run financial indicators all say so!

Thu, 07/02/2015 - 16:26 | 6263629 tc06rtw
tc06rtw's picture

 
         …  EXTREMELY  Awesome !

Thu, 07/02/2015 - 16:48 | 6263719 KnuckleDragger-X
KnuckleDragger-X's picture

Shiny as far as the eye can see......

Thu, 07/02/2015 - 18:00 | 6263942 Son of Loki
Son of Loki's picture

The shareholders are so optimistic i doubt they'd even feel the coming 30% plunge...oops, I mean correction.

Thu, 07/02/2015 - 16:10 | 6263581 Kaiser Sousa
Kaiser Sousa's picture

last hour pump of the dow failed...

nice effort though u asshole fucking bankers...

death to the MoneyChangers.

ps: Gold and Silver phony paper market trading is hilarious...

Thu, 07/02/2015 - 16:28 | 6263637 disabledvet
disabledvet's picture

The USA is refining 18 MILLION barrels of oil A DAY!

Of that...the USA consumes about EIGHT.

"And falling" would appear as Tesla Stock goes through the roof.

Electric Utilties have been HAMMERED YTD.

Gold and silver?

More like gold and silver MINTS...

Thu, 07/02/2015 - 17:03 | 6263768 DetectiveStern
DetectiveStern's picture

Was this your application letter to CNBC?

Thu, 07/02/2015 - 16:30 | 6263639 saints51
saints51's picture

They tried to pump and did get some back. Russell pumped all the way to VWAP for a quick 3 minute kiss then sold off. Like I said, they tried to smash it above VWAP but algos would not let a close above VWAP @ 1246.5

Thu, 07/02/2015 - 16:11 | 6263582 Rainman
Rainman's picture

Like we not spooked enough, you gotta put up some vix/full moon voodoo shit

Thu, 07/02/2015 - 16:15 | 6263587 Keltner Channel Surf
Keltner Channel Surf's picture

Here's one for low-fi Brit-indie hipsters

“They’re Rigging Prices”    from  “The Glittering Prizes”     by Television Personalities

In the past I always tried
But I never got stocks to hit my prices
I put it down to Providence
Or something simple, like “markets are complex”

Pretty soon that’s gonna change

Pretty soon it’s gonna change
Pretty soon I’m gonna trade
And you won't victimize me

They’re rigging prices for me !

I swear I clean up every day
As I outsourced the job to flash boys
When the HFTs begin to trade
I even get the chance
to play with hexadecimal toys

Pretty soon I’m gonna change

Pretty soon it’s gonna change
Pretty soon I’m gonna trade
You won't recognize me

They’re rigging prices for me
They’re spoofing prices for me

Thu, 07/02/2015 - 16:27 | 6263591 Two Theives and...
Two Theives and a Liar's picture

I know the markets have twisted my mind when one of the reasons I hope for a down day is to see the unicorn's or clown's technicolor vomit!

 

Thu, 07/02/2015 - 16:16 | 6263597 i_call_you_my_base
i_call_you_my_base's picture

Anyone who bought into US equities today holding into the holiday weekend is a moron. Not saying it definitely won't pay off, but it's still a stupid gamble. Any way the Greek vote goes, things are still bad. Massive downside risk with little upside opportunity. I hope some folks get creamed for picking up pennies in front of a steamroller.

Thu, 07/02/2015 - 16:27 | 6263631 saints51
saints51's picture

Holding anything in this market longer than a few hours is stupid. Some people may say playing in this market is stupid. Can't argue with that if one not understands how to play.

Guess we shall see what's left monday morning. Maybe July 4th 2015 is the holiday that tells the markets never again to open. Not likely but would be awesome if it would happen. Just sucks the innocent who have no clue will get hurt the most.

Thu, 07/02/2015 - 16:28 | 6263635 The Delicate Genius
The Delicate Genius's picture

easy to play the bounce when you're using other people's money...

Thu, 07/02/2015 - 16:31 | 6263647 indaknow
indaknow's picture

Vix vs full moons. Come on tyler I almost knocked over a very expensive bottle of cab.

Thu, 07/02/2015 - 16:39 | 6263680 Rainman
Rainman's picture

Full moon means there is a 50-50 probability my idiot bro in law will be holding lighted sparklers between his ass cheeks at a party tonite. Nothing else.

Thu, 07/02/2015 - 16:56 | 6263744 RmcAZ
RmcAZ's picture

So is Greece priced into US Equities or not? Is this the dip I should be buying? Please inform as to which dip to buy, thanks in advance.

Thu, 07/02/2015 - 17:18 | 6263820 MOB666
MOB666's picture

Buy all of the dips!

Thu, 07/02/2015 - 17:01 | 6263762 Al Huxley
Al Huxley's picture

Why this continued insistence on Greece?  Clearly it's been determined that sovereign bankruptcy and default (sorry, I forgot, they haven't 'defaulted') is a non-event.  The referendum will be as well, the can will just get kicked again and again and again.  When everything's pretend to begin with, why ever create real consequences.

Thu, 07/02/2015 - 17:05 | 6263779 Duc888
Duc888's picture

 

 

 

...I don't often listen to the blabbering on NPR but I did catch a wiff of their stench today trying to spin the fuck out of the abysmal jobs numbers.

 

It sounded like it was story-time fiction.

Thu, 07/02/2015 - 18:34 | 6264056 Monetas
Monetas's picture

"Day of Greckoning" .... the dreaded .... "Grechnungstag" !

Thu, 07/02/2015 - 19:05 | 6264140 q99x2
q99x2's picture

I'm not going to the fireworks this 4th of July because the American military has been taken over by NWO fascists.

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