With liquidity increasingly negligible this morning's chaos in crude has now spilled over into stocks. A triple whammy of disappointing data this morning and re-tumbling crude hopes have sent the S&P down 25 points from overnight highs and will below 2000 in cash. The Dow is now down over 1000 points from its record highs. Treasury yields have given up all the AAPL rate-lock surge and are at new cycle lows.
It seems the machines' ramp into the NYMEX close on Friday destroyed the last best hope of real people playing along...
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and Treasuries just rallied back all their rate-lock losses...
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Charts:Bloomberg
