Dismissing the ridiculous ignorance of calling the market action in the last few minutes a 'fat finger', it is clear that between no/low volume, 'banging the close in the pit', futures roll and ETF interactions, Oil's OPEX, SPR release rumors, and correlated vaccuum tubes, the reactions between US equities, oil (WTI and Brent), USD (and all major crosses), and the PMs are extremely volatile. No one knows what the 'news' is but one thing is for sure, its priced in - whatever it is. We just remind those 'trading' that with QEternity, all the good news 'help' is now out there - so what's left - jawboning Oil down. Treasuries are a littel jiggy but nothing remarkable.
Denial: *WHITE HOUSE'S CARNEY SAYS `NO CHANGE' ON OIL RESERVES
Brent (and WTI)Crude volume spiked massively as we dropped...
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as did S&P futures...
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