500 Dow points (and 80 S&P points) later... and suddenly the exuberant short squeeze ends (as AUDJPY runs out of steam). WTI Crude has crashed back to $55.50 after testing $59. The Energy ETF XLE has given up all its gains (who could have seen that coming? [3]). And HY credit markets have slumped from the US open with stocks now catching down...
Credit slipped since the open
[4]
but stocks ripped...driven by fun-durr-mentals...
[5]
Crude crash continues...
[6]
dragging energy stocks with it...
[7]
Charts: bloomberg
