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Dollar Dumped & Stocks Thumped As Bonds & Bullion Bounce

Tyler Durden's picture




 

Nothing to see here, move along....

 

And this seemed to sum the mainstream media's perspective up nicely....

Overnight saw stocks ramp once again towards highs to run stops... but having failed to make higher highs on this surge, combined with weak data and BoJ comments, sent USDJPY sprawling and thus stocks...

 

Nasdaq failed to ghold green for the week leaving just Trannies up since Friday...

 

On the day... The Dow suffered (with IBM and UTX accounting for over half of the losses).. every rally was sold and the late day lift on th eback of the S&P upgrade of Greece wass a joke...

 

Late day saw the e-mini S&P 500 futures ramp perfectly to VWAP to enable sell orders to be efficiently executed...oh and look at the volume rush as selling begins!

 

No improvement at all in Nasdaq breadth...

 

Stocks caught down to VIX decoupling...

 

And then there was LifeLock... sent reeling by an FTC Tweet...


 

Treasury yields pumped-n-dumped in what is clearly indicative of thin liquidity and a lack of conviction...

 

Are stocks starting to catch down to bonds?

 

Major Dollar weakness on the day...

 

Commodities gained amid the Dollar weakness...

 

On a side note, we point out the decoupling of equity and gold VIX as we saw during The Taper Tantrum and the post-QE3-end period...

 

But crude roundtripped... fo rno good reason = once again testing the spike highs on Sunday night as algos were in charge again

 

Charts: Bloomberg

 

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Tue, 07/21/2015 - 16:05 | 6338496 Kaiser Sousa
Kaiser Sousa's picture

for the record here's what i posted earlier today in another post about the new Fed Bitch...

"this must be the reason why the Dow is now coming off the lows at exactly the same time it did yesterday - the las 2 hours of trading...

it will rest right below a 1% loss for the day - just watch..."

and where may i ask did the Dow finish?????

http://www.marketwatch.com

DEATH TO THE MONEYCHANGERS....

Tue, 07/21/2015 - 16:10 | 6338514 FreeShitter
FreeShitter's picture

"DEATH TO THE MONEYCHANGERS...."

Never gets old ;)

Tue, 07/21/2015 - 16:15 | 6338521 Squid Viscous
Squid Viscous's picture

Jesus Christ!

he would have a tough time getting into the Fed building these days, with his semitic looks and Lord Boards on his feet

Tue, 07/21/2015 - 16:13 | 6338523 HonkyShogun
HonkyShogun's picture

ANTISEMITES!!!

Tue, 07/21/2015 - 16:53 | 6338678 Clesthenes
Clesthenes's picture

No, anti-Judeo-Bolsheviks.  You'll need a copy of the Old Testament beside you; else you won't believe it.

Tue, 07/21/2015 - 16:13 | 6338525 Kaiser Sousa
Kaiser Sousa's picture

the name of a blog coming soon...

Tue, 07/21/2015 - 16:12 | 6338520 Kaiser Sousa
Kaiser Sousa's picture

Market closed
17,919.29
Change -181.12 -1.00%

Tue, 07/21/2015 - 16:19 | 6338540 Squid Viscous
Squid Viscous's picture

maybe it had something to do with UTX, IBM and VZ? and not your "genius" instincts?

Tue, 07/21/2015 - 16:27 | 6338565 Kaiser Sousa
Kaiser Sousa's picture

yeah, and maybe the tooth fairy left u a bright shinny pair of dentures underneath ur pillow las night....

the point is u dont have to be a genius to predict what the Fed and its agents r doing....

IBM....hilarious....

continue ur sweet somber.

Tue, 07/21/2015 - 17:47 | 6338879 Creepy A. Cracker
Creepy A. Cracker's picture

Where will the markets be on Wednesday at COB?

Tue, 07/21/2015 - 16:30 | 6338578 Eyeroller
Eyeroller's picture

And the VIX couldn't even manage to get to 13..

Tue, 07/21/2015 - 16:13 | 6338530 gmak
gmak's picture

And how much did you make, yourself, off of this call?

Tue, 07/21/2015 - 16:29 | 6338573 Kaiser Sousa
Kaiser Sousa's picture

i dont invest in derivatives of a worthless debt based piece of green paper....

 

Tue, 07/21/2015 - 16:20 | 6338542 Tribulation Blues
Tribulation Blues's picture

The Lord's recent warnings about the judgement that will soon come upon those who love money are sobering and quite dire! http://revelation12.ca

Tue, 07/21/2015 - 17:08 | 6338746 Farqued Up
Farqued Up's picture

Give me your money before you give it to a charlatan preacher.

Tue, 07/21/2015 - 16:08 | 6338504 bigkahuna
bigkahuna's picture

it is against their programming to sell...

Tue, 07/21/2015 - 16:11 | 6338518 Squid Viscous
Squid Viscous's picture

Moar Vix smashing at the close, why not...

Tue, 07/21/2015 - 16:13 | 6338524 Keltner Channel Surf
Keltner Channel Surf's picture

(Warm, dry weather today made me think of Aussie indiepop, Lucksmiths, Go-Betweens, etc.)

“Markets of Your Town”      from “Streets of Your Town”      by The Go-Betweens

Round and round up and down
Tradin’ stocks from your town 
Every day I make my way
Through the markets of your town  

And don't the Dow look bad today?    (Sha-la-la-aaa-aaaah)
But more pain is on its way   
Watch them catch the falling knife
‘Cause this market has got nine lives

Round and round up and down, etc.

And I’ll ride your stock into the ditch      (Sha-la-la-aaa-aaah)
Then I’ll take the float tradin’ from the beach
'Cause I love hearing cries of “Moar”
But I still don't know what I'm buying for  

Round and round up and down, etc

They shot it down, they pushed it down
They’ll shoot it up, they’ll pump it up

Round and round up and down …

Tue, 07/21/2015 - 16:28 | 6338563 Squid Viscous
Squid Viscous's picture

KCS what about "Round and Round" by RATT, lame 80's hairband but a good tune... just a suggestion for future

Tue, 07/21/2015 - 16:31 | 6338581 FreeShitter
FreeShitter's picture

Rockin out to some Skid Row  atm......18 and Life.

Tue, 07/21/2015 - 16:36 | 6338595 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

Slave to grind is thier best album

Tue, 07/21/2015 - 18:50 | 6339160 Consumer Farm
Tue, 07/21/2015 - 16:38 | 6338604 Keltner Channel Surf
Keltner Channel Surf's picture

I'm not familiar with that kind of stuff, back then I was listening to indie bands you may not have heard of, like Felt, along with more familiar faves such as The Smiths, Joy Division/New Order and The Cure.

Tue, 07/21/2015 - 16:19 | 6338543 Traderone
Traderone's picture

Ah VWAP my old friend, how I missed you.

Tue, 07/21/2015 - 16:20 | 6338546 ted41776
ted41776's picture

here we go, hang on to your seats this ride is about to get bumpy!

Tue, 07/21/2015 - 16:24 | 6338554 EHM
EHM's picture

I'm just waiting for fantasy to catch down to reality.

Tue, 07/21/2015 - 16:26 | 6338564 disabledvet
disabledvet's picture

"Having gorged itself the fish floats to the surface but keeps eating.

Suddenly an Osprey appears!

Then a shark!

Tue, 07/21/2015 - 16:32 | 6338583 SirBarksAlot
SirBarksAlot's picture

Hickory, dickory, dock...

Tue, 07/21/2015 - 16:41 | 6338614 wmbz
wmbz's picture

Not to worry... Capt. Jack Yellen and the boyz will turn that frown upside down by weeks end.

 

Tue, 07/21/2015 - 16:48 | 6338646 Clesthenes
Clesthenes's picture

“kill them… arrest them… all of them”

So say quite a few who comment on this site.

Of course, it’s probably the worst thing to do – if their cause is the rights of man, that is.

On the other hand, if their cause is the imposition of tyranny, “kill them” is probably the best action possible; for, it gives Judeo-Bolsheviks (JB’s) an acceptable excuse to impose martial law… and smear the cause of man.  What else should we expect from JB’s?  They have been destroying civilizations for at least 5,000 years.  For them, using slow-witted dupes is another specialty they have developed to a high art form.

In other words, he who proposes executing government-protected assassins and thieves is doing the work of Judeo-Bolsheviks.

It doesn’t matter whether he is an unwitting dupe or a conscious counter-intelligence operative – the result is always the same: an excuse for more tyranny; some call it “martial law”.

It happens repeatedly: JB’s 1) lead slow-witted and angry peasants onto streets, block traffic (that is, violate rights of non-protesters); 2) incite peasants to more violence; 3) when police begin shooting, JB’s disappear; 4) peasants take bullets (Did I say, ‘slow-witted’?); and 5) martial law, or soldiers, follow.

No, if our cause is liberty, we don’t want to execute them – and we don’t want to arrest them.

There are at least five reasons.

One: we don’t want to become like them: execution without due process.

Two: it would put them out of their misery too quickly; it is more pleasing to prolong it as long as possible.

Three: instead of “slitting their throats”, we should recover the booty they took and return it to those from whom it was wrongly taken: for example, taxes wrongly imposed or collected (one); the neglect and abuse of children compelled by such taxes (two); among many others.  There are tens of trillions floating around the world (three) in various forms – bank accounts, stocks, bonds, real property – available for recovery.

Four: it would be a pleasure to watch JB’s and their useful idiots scatter as cornered rats as we make them accountable for what they did.

Five: it would lay the foundation for an unprecedented experiment in liberty; for, none other attempted to make tyrants accountable – only to escape them.

We will be the first in this regard; for, we have resources available to us that no one else in prior ages had: a) a heavily armed population (altho greatly hobbled by medication, see this for cure,) b) instant communication, and c) lessons of prior ages to guide us.

Unfortunately, while most Americans are aware of resources a) and b), hardly any are aware of the last… or how to cure a medicated lethargy.

And without this last resource, all will be for naught, actually worse… much worse; for, how can you play the game if you don’t know the rules (law and procedures of redress)?

It all comes to one question: “Will we strive for redress… or leave the task for our children?”

Tue, 07/21/2015 - 16:59 | 6338705 Keltner Channel Surf
Keltner Channel Surf's picture

It seems the "Days you can't trade" list gets bigger and bigger (some of you would say 100%), but I forgot that trading the QQQs on APPL earnings day (along with the other companies reporting today) is a no-no in the afternoon, given how many institutional investors mess with hedges, etc,, and a glance at the hourly chart reveals the odd pattern, with 4 little dojis in a row, lined up perfectly like toy soldiers ...

Tue, 07/21/2015 - 17:40 | 6338859 ArtOfLife
ArtOfLife's picture

Silver up 6 cents today, moonshot to $200 right around the corner. Keep stacking. 

Tue, 07/21/2015 - 21:57 | 6339890 dsty
dsty's picture

nice title

very nice

rhyming adds pizazz

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