For the 3rd day in a row, the USDollar flatlined as JPY & AUD weakness offset GBP & EUR strength (following Kuroda's speech this morning). Stocks dipped-and-ripped once again - as they always do into and after the EU close - with the S&P managing to scramble back into the green (but not 2,000 for 3rd day in a row) in a late-day buying panic (after some Draghi headlines saying nothing new). Not everyone was drinking the same bounce-back juice as stocks with HY credit, and JPY-carry not supportive at all. Stocks seemed to track WTI crude most closely today as oil jumped higher (to $93) compressing the Brent-WTI spread to $5. Gold, silver, and copper slipped lower once again. The Treasury curve continued to bear flatten led by 5Y weakness.
S&P 500 languishes below 2,000 for the 3rd day in a row
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As high-beta Russell and Trannies ripped higher, the Dow, S&P and Nasdaq all floundered in the red... until the last few minute sof manic buying panic
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It seemed stocks wanted to test the Scotland poll level ahead of tonight's poll (due at 1700ET)
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On the week... Russell and Nasdaq scrambled back into the green amid this afternoon rush...
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On the back of a broad short squeeze again...
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Not everyone was drinking the equity Kool-Aid today...
JPY-carry wasn't...
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HY Credit wasn't....
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As Oil seemed the closest driver today...
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Treasuries continues to bear flatten but ended the day practically unch across the complex...
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FX markets looked quiet from the USD index perspective but AUD keeps plunging...
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And commodities kept sliding (aside from oil)...
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As WTI left Brent behind - crushing the spread to $5... (lowest in 2 months)
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The iClock-maker dipped and ripped - pinned to $100 for 3 hours - then oscillated around the iPhone6 news level...
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Charts: Bloomberg
Bonus Chart: Why Oil Ripped Higher Today... (cough gartman cough) [21]
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