UPDATE: US equity markets have tumbled further after-hours and are now negative from yesterday's close
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Because everyone knows...
Yet another Hindenburg Omen today... (note yesterday's very late crash in stocks managed to invalidate one of the indicators factors but the cluster remains unviolated overall)...
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With America's politicians apparently unable to agree on the Cromnibus Bill and government shutdown looming, weakness in crude oil, contagion in high-yield credit, and an extremely aggessive 30Y bond auction trumped the retail sales headlines (massively seasonally-adjusted as they were).
There was very significant volume in the Dec S&P 500 e-mini contract today...
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The key for today's markets was to ensure The Lending Club IPO broke for trading successfully... once that was achieved, this happened...
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As WTI broke below $60...
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VIX broke 20...
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And Energy stocks pumped-and-dumped back down to energy credit... as HY Energy hit 950bps
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Stocks did their usual bounce in the last hour but even that failed as even spurious Japanese headlines juicing JPY, stocks sold off...
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On the week, Energy continues to lag with only utilities green...
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Treasury yields rose on the day at the short-end but gave a lot back when the 30Y auction was so well bid ex dealers...
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The USDollar gained ground after 3 days of weakness but remains down around 1% on the week. JPY was a big mover today as it tried to rescue stocks...
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Copper, Gold, and Silver pretty much flatlined on the day as crude dead-cat-bounced off $60 early but broke late...
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Quite a day across asset classes...
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Charts: Bloomberg