How many are feeling after the worst 3-day start to a year EVER...
Market internals triggered a 2nd Hindenburg Omen...
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The S&P 500 is down 5 days in a row - the first time since Sept 2013... with the biggest 5-day decline since Jim Bullard saved the world... (finding support at its 100DMA for now)
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And broad equity indices bounced intraday off that 100DMA support (in Dow and S&P) - with JPY ramping stocks back to VWAP...
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From the Russell 2000's peak, stocks are still down notably...
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But today had a similar feel to yesterday with some afternoon dip-buyers vanquished... (but the S&P 500 just held 2,000)
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As Energy stocks tumbled back towards oil's weakness...
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as Energy credit risk topped 1000bps again and broad spreads widened...
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As WTI traded with a $47 handle!! After Saudi "demand" comments...
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The biggest news of the day - apart from the worst start to the year in stocks ever... and oil trading with a $47 handle!! - was the total collapse in bond yields...
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The USD rose modestly in the day (rallying during the US afternoon unlike yesterday)...
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but overall JPYwas still in charge of stocks...
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Once again - despite USD gains, Gold and silver rose with the yellow metal testing $1220... (and silver surging)
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Charts: Bloomberg
Bonus Chart: For The White House onlookers - NOT Europe...
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