Did something change? The Dow just avoided its 6th day in a row of triple-digit moves...
Despite crude's overnight collapse to fresh lows, stocks stahed their usual pumpathon into the opening bell... but that was rapidly erased - along with all the gains post-Charlie Evans' "catastrophe" comment... not helped by Fed's Williams late-day confirmation that:
- FED'S WILLIAMS SAYS JUNE RATE RISE `REASONABLE' AMID JOB GAINS
- WILLIAMS SAYS U.S. LABOR MARKET CONTINUING `STRONG MOMENTUM'
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On the day in the cash indices, Nasdaq and S&P underperformed...
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Energy was today's biggest loser and Builders - thanks to another miracle squeeze - outpeformed...
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And from the 'awesome jobs report'...
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All managed by JPY (which massively roundtripped against the USD) mostly against the EUR...
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As stocks begin to catch down to oil prices...
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led by Energy stocks...
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And Stocks retrace back lower towards bonds year-to-date reality...
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Treasury yields hit fresh multi-year lows...
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The USDollar gave back most of its gains during the US day session but closed higher...
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Commodities saw mixed action with the dollar weakness during the US session supporting more strength in PMs (gold at one month highs) as oil prices cratered to fresh cycle lows...
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With WTI closing at the lows of the day - with a $45 handle!!
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Year-to-Date...
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Charts: Bloomberg