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Despite VIX Flash-Crash, Stocks Slammed As Crude Crashes To 5-Month Lows

Tyler Durden's picture




 

"We got this..." Right up until around 55 seconds in the following clip...

China was ugly...

 

And Greece crashed 30% at the open...

 

An early bounce and the ubiquitous pre-EU close ramp both failed to hold stocks which had an ugly day... notice the dump after Europ closed and the ramp after 330ET... as VIX was smashed

 

Energy stocks led the downturn...

 

As WTI led stocks broadly...

 

Carnage in AAPL and TWTR...

 

as stocks catch down to bond yields...

 

VIX flash crashed in a desprate bid to get S&P back to VWAP... right as PR defaulted

 

AND sure enough S&P Futs tagged VWAP and turned around...

 

It appears hope is fading that Macro will help us...

 

Treasury yields leaked higher overnight but plunged after weak data...

 

The US Dollar pushed generally higher today with a retracement into the EU close that then recovered to the days highs...

 

Commodities continueed to get clobbered...

 

But crude was utterly carnaged today...

 

Charts: Bloomberg

Bonus Chart: Main Street Lost!!

 

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Mon, 08/03/2015 - 16:08 | 6386423 Chuck Knoblauch
Chuck Knoblauch's picture

FEES!!!!!!!!

RUN.

Mon, 08/03/2015 - 16:46 | 6386657 Save_America1st
Save_America1st's picture

but if you play the pleasanst sounding elevator music during the collapse it just makes everything seem awesome...the sheeple love it too.

Mon, 08/03/2015 - 19:08 | 6387189 El Oregonian
El Oregonian's picture

Please pass the Dramamine....

Mon, 08/03/2015 - 16:08 | 6386424 Lumberjack
Lumberjack's picture

Maybe it is time to walk away from the table. Got bug out?

Mon, 08/03/2015 - 16:08 | 6386427 Kaiser Sousa
Kaiser Sousa's picture

total fucking bullshit...

Mon, 08/03/2015 - 16:10 | 6386442 overmedicatedun...
overmedicatedundersexed's picture

the only place to get return is the stock markets ...so sayeth the FED.

Mon, 08/03/2015 - 16:17 | 6386492 Keltner Channel Surf
Keltner Channel Surf's picture

Yeah, a summer classic, all major index ETFs lifted perfectly to a simultaneous VWAP ending from big short-term volume bursts in the ~1:30 timeframe, ending up with avg volume on what started as a listless day, low bounce points pre-programmed, it seemed ...

Mon, 08/03/2015 - 16:10 | 6386439 Rainman
Rainman's picture

The Pimpco treasury dump curse returns !!

                   http://www.zerohedge.com/news/2015-06-10/what-happened-last-time-pimco-dumped-its-us-treasuries

Mon, 08/03/2015 - 16:12 | 6386454 clade7
clade7's picture

These charts just keep getting busier and busier..the end must be near, sooner or later, somebodies gonna run out of ink.

Mon, 08/03/2015 - 16:12 | 6386455 Keltner Channel Surf
Keltner Channel Surf's picture

“Mom, I’m Only Shorting”        from “John, I’m Only Dancing”        by David Bowie

 

Mom’s IRA is pretty neat, it’s all in cash – boy, that’s sweet!
Gosh, the trend’s been awful strong, bet your life everyone’s long
Oh lordy, oh lordy, you know I need some margin
HFTs – don’t touch me !

Mom, I’m only shorting, it turns me on
But I'm only shorting, it turns me on
Don't force me long
I'm only shorting

Oh, that sudden spike was quick and clean, engineered by the machines
I saw you watchin’ from the stairs -- I moved my stop in time, I swear
Oh lordy, oh lordy, you know I need some sellin’
VWAP algos – don’t touch me

Mom, I’m only shorting, it turns me on
But I'm only shorting
It turns me on … don’t get me long
I'm only shorting

Shorting - won’t someone trade with me?

Mon, 08/03/2015 - 16:13 | 6386465 thismarketisrigged
thismarketisrigged's picture

of course they ''market'' finishes well off its lows, what else is fucking new.

 

 

Mon, 08/03/2015 - 16:47 | 6386665 Squid Viscous
Squid Viscous's picture

kind of like WTC 7, you just know it's gonna happen

Mon, 08/03/2015 - 19:14 | 6387206 mvsjcl
mvsjcl's picture

At least a half hour before it does.

Mon, 08/03/2015 - 16:55 | 6386670 Save_America1st
Save_America1st's picture

that first one of the At-At reminds me of the Brazilian chick that Ronda Rowsey put to sleep on Saturday night.  She face-planted just like that.  lol

Mon, 08/03/2015 - 16:31 | 6386571 Squid Viscous
Squid Viscous's picture

an ugly day? S&P down 5.80 at futures close... lol

Mon, 08/03/2015 - 19:38 | 6386580 QQQBall
QQQBall's picture

Dow down 1/2%,.... hahahahha.

 

WHO down arrowed me for stating FACT? Idjit!

Mon, 08/03/2015 - 16:32 | 6386582 Ignorance is bliss
Ignorance is bliss's picture

I see Silver is down a decent amount. Must be my lucky day.

Mon, 08/03/2015 - 20:08 | 6387380 Global Douche
Global Douche's picture

So tell the class. Have you taken advantage of the Gifts given us with this bullshit haircut? Wait too long and you can expect a significant delay  on delivery of your Phyzz. Just sayin'. Wink Wink

Mon, 08/03/2015 - 16:33 | 6386585 wmbz
wmbz's picture

Nah... we can Bulltard this thing right back up!

Up is the only option!  Shorts will be executed.

Mon, 08/03/2015 - 16:41 | 6386630 franzpick
franzpick's picture

Look at the breaking of the 17 year support line on the monthly crude chart, and the target, $20 oil. ZIRPing your way out of the upcoming credit and commodity collapse your FED has created is not and never will work, Janet:

http://www.investing.com/commodities/crude-oil-advanced-chart

Mon, 08/03/2015 - 17:03 | 6386756 Random_Robert
Random_Robert's picture

I love Mondays in the market....

Mon, 08/03/2015 - 17:04 | 6386759 nakki
nakki's picture

Just when I thought the spoos might be down a whole 1% they rallied them from 3 to 3:45 and then from 3:55 -4. The delusion is almost comical at this point. S&P downgrading Europe is the cherry on top of this shit Sunday the CB is serving up. There is only one central bank and Goldman is running it.

Mon, 08/03/2015 - 17:48 | 6386924 franciscopendergrass
franciscopendergrass's picture

Tylers,

you forgot about the everything is awesome auto sales

 

http://www.businessinsider.com/july-us-auto-sales-august-3-2015-8

Mon, 08/03/2015 - 19:22 | 6387237 redd_green
redd_green's picture

Stock prices slammed? I don't know what planet you on, but on earth, I got 1/2 to 1/4 percent drop.   What did I miss?

Mon, 08/03/2015 - 21:23 | 6387680 ebworthen
ebworthen's picture

The Bonus Chart tells the story. 

C'mon S&P 666!

Mon, 08/03/2015 - 22:08 | 6387844 luna_man
luna_man's picture

 

 

You not "short" yet?... What you waiting for!!

 

even if it goes up, I know, it's coming back down

Mon, 08/03/2015 - 22:28 | 6387906 TheRicker
TheRicker's picture

With this market we all know the inevitable end. I feel like I am in a waiting room waiting on the dentist. Can't you just pull the damn tooth already and get it over with. The wait is worse than the tooth extraction. You get the analogy.

Mon, 08/03/2015 - 23:52 | 6388190 JoWazzoo
JoWazzoo's picture

Told you last night.  JUST BTFD!!!!!  SPY Put I was watching went up in value by 40 % in 3 hours and at the close was unchaned.  Heh.  This IS one effed up "market".

Tue, 08/04/2015 - 00:25 | 6388259 lasvegaspersona
lasvegaspersona's picture

For those interested the set list for tomorrows S&P performance has been published at the Fed..subscription required though...

Do NOT follow this link or you will be banned from the site!