Stock Dip Kills Longest Win Streak In 4 Years As Catalyst-Crusher Comes To An End

Tyler Durden's picture

Once again all eyes were on "soft" data (Philly Fed) as "hard" data (housing starts miss) disappointed and the forced buy-in pressure lifted...


7 days up in a row for the S&P 500 (longest streak since March 2013) was the limit it seems as Catalyst's statement that it had completed its forced buy-in to cover and Trump's comments about how awesome stocks are capped it...

The Dow managed to creep green (record high) as VIX was crushed...


Just how much of the last 150 S&P points are due to the liquidation of 'Catalyst' (and strategies like it)?


Catalyst's footprints are clear in options volumes... As Bloomberg notes, Options Data Show Footprints of Furious Buyer as S&P 500 Jumped

Above-average volume in S&P futures options earlier this week helped drive demand for stocks amid reports of volatility funds buying back deep in the money calls. February contracts alone represented ~$19B of notional value. The most active contracts according to the CME Group website include:

February 15

  • 5.9k SPU Jun. $2325 calls
  • 8.9k SPU Feb. $2270 calls

February 14

  • 10.9k SPU Feb. $2280 calls

February 13

  • 6.8k SPU Feb. $2270 calls
  • 7.1k SPU Feb. $2275 calls
  • 6.8k SPU Apr. $2315 calls
  • 7.1k SPU May. $2330 calls

One wonders if Catalyst CEO comments were 100% truthful about being out?


VIX was very chaotic...crushed back below 12 to ensure Dow green close..


But the decoupling remains...


"Most Shorted" stocks were actually allowed to fall today - the biggest drop since November...


Energy stocks are the week's laggard and banks remain the leaders...


Bonds decoupled from stocks yesterday and stocks started to catch down...


And Real yields are entirely decoupled...


Treasuries extended their gains from post-data yesterday but remain higher in yield on the week...


The USD Index fell for the 2nd day in a row - biggest drop since January...


Shifting the USD into the red for the week...


The Dollar seems to following 2016's analog very well still...


Dollar weakness sent PMs higher...


Note the spike bounce higher in crude prices (just like after DOE data yesterday) which entirely decoupled from Energy stocks...

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froze25's picture

McCain gets pranked by the same people that got Maxine Waters. Enjoy. couldn't happen to a better Dichead

Nobodys Home's picture

RT is going to write about you being brainwashed in Vietnam...Then he chuckles.
Funny Stuff

Takeaction2's picture
Takeaction2 (not verified) BlueHorseShoeLovesDT Feb 16, 2017 4:14 PM

DONALD......THIS IS WHAT WE ARE UP AGAINST....Please help us defend you...

froze25's picture

So anyone else suspect that the man in that video some how receives money taken out of our pay checks?

Takeaction2's picture
Takeaction2 (not verified) froze25 Feb 16, 2017 4:19 PM

Can you believe this???  Pulls out an assalt weapon because of a TRUMP sign on the guys car?  


I Hope part 2 comes out of this video showing this animal put down.

Protect yourself gentlemen..."If I had a son"...

NOTE:Watch it and maybe download this...It will be pulled down!

Nobodys Home's picture

It's a weapon. Could turn into an assault. But it's not an assault weapon. Probably a cheap .22 AR. bought with Froze25's taxes :)
Don't buy into the MSM and anti 2nd bullshit of calling it an "assault weapon".
It's a rifle.

edit: It's probably not registered and bought illegally as no serious gun enthusiast would act like that and selfie it and then pull a gun...unless he's in the Black Panther's (black guys name)Gun Club. But I doubt even those guys would act like that. This idiot will be dead soon, from his own stupidity.

order66's picture

Awful lot of buying today for that to signal any kind of end.

spastic_colon's picture

thank you MMM, BA and JNJ

"One wonders if Catalyst CEO comments were 100% truthful about being out?" - so my comment will be reinstated?

Most shorted? why is the ES etc not down accordingly?


Max Damage's picture

It is all one great big fucking mess and it is gonna hurt a lot of people when this shit show pops

Kaiser Sousa's picture

right after watching Donald Chumped’Yas’ press conference where he began with taking credit for the fraudulent fucking record’erer highs in the Fraud Markets, i went down to my trusted local coin dealer…

i walked in & said “look my nigga’s (these guys are white boys by the way…), i gots to liquidate these Academy 10oz stacker bars cause SNAPCHAT bout to launch they IPyO!”

They said “say what”, (expressing excitement rather than disbelieve at my utter stupidity) damn son, you’z bout to get PizzAID like a muh fucka!!!”

I said “word to ya mutha fucking momma son…” Then i put the ammo case purchased from Harbor Freight (u guys might wanna take note of this) i use to store & transport them in on the counter, handing one after another of those PRECIOUS stores of VALUE & representations of REAL MONEY over to my nigga’s while we sipped Hennessy and roared with laughter…

And right at the moment they were about to hand over to me those beautiful & worthless green pieces of paper with DEAD white men & Harriet Tubman on them - I screamed “KISS MY BLACK ASS”, which thankfully woke me up from that stupid ass nightmare…


ps: how did you all enjoy the last hour stick save of the Dow Jones Propaganda Index AGAIN on ABSOLUTELY NO POSITIVE MACRO-ECONOMIC NEWS OR DATA WHATSOFUCKINGEVER…

remember - “Must…hold…Fraud Markets…in…suspended levitation…at all cost…”
- Yellen & Company - 

BlueHorseShoeLovesDT's picture

Anything critical of Trump is blasphemy here on TrumpHedge.

SomethingSomethingDarkSide's picture

We would have all voted for Count Chocula if it meant no Clinton.  Thanks for the whine with my cheese tho.

Kaiser Sousa's picture

ah Count Chocula, & FrankenBerry...

thanks for the walk down memery lane and the good ol'e days...

Kaiser Sousa's picture

i believe u man...

I voted for Eddie Haskell!

Dr. Richard Head's picture

You forgot BooBerry.  Everyone forgets that one. 


BlueHorseShoeLovesDT's picture

Thanks, that was actually my favorite

Kaiser Sousa's picture

i couldnt remember him...

thanks man...

Bill of Rights's picture

Of course you could always use the home button and fuck off...see now thats freedumb...

BigFatUglyBubble's picture

You will be labeled a heretic (libtard) and excommunicated from the Church of Orange Jesus (Cult of Trump)

BlueHorseShoeLovesDT's picture

Every day.


Amazingly, I am an apolitical independant, who believes it is just different sides of the same damn coin.

BlueHorseShoeLovesDT's picture

Jesus, no respect for your years of posting.



I am oughtta here before SW shows up.

Kaiser Sousa's picture

no worries...

i didnt stick around for fame or fortune...

Nobodys Home's picture

Thanks for the chuckle. I like Trump though. He's not Killery!
...and he amuses me. If he gets a conservative SC appointment and ramps up illegal/refugee issues I'll be happy. The financial shit? I doubt he can fix it before we're fucked. If he even cares to truly try. I'm not liking the squid tentacles and billionaires. But hey. What's a few billion among those that lead our country:)

SomethingSomethingDarkSide's picture

SPY longs on Twitter are now convinced VIX movement should correlate with S&P, they know literally nothing other than BTFD.

We have fallen quite far from grace - everyone is drinking the Kool Aid, literally every god damned person.


adr's picture

Well it's cyanide laced kool-aid, but it's the only refreshment allowed to be served at the party.

Cheapsob's picture

Comes to an end? It looks like the dow is up

Barney08's picture

The legacy of the Catalyst fuk-up is still out there look at all of the OI left out there. Many, many, copycats are still out there without a net. 

Catalyst is covered as far as you know!  Yeah right as they were so forthcoming with sharing the info prior to getting caught.

My prediction is 

1.) this is not over

2.) this does not end well


jamesmmu's picture
Strong Indicators That A Great Financial Collapse Is Waiting To Happen

Games Without Frontiers's picture

Dow ALMOST closed red for the first time in two weeks. Disaster averted. It's for the children.

dondonsurvelo's picture

What a crock of shit.  Money is flooding to our equity markets from around the world because of the economic shit storms in the EU, China and Japan. 

Muppet's picture

Sold a shit ton of securities today.    Fuck it all.   Its pointless.