While stocks dipped a little into the 10Y Treasury auction, it appears the blistering demand was enough to shatter the illusion of awesomeness and spark a plunge in stocks and crude oil. One thing of note, AAPL bonds have been whacked today (newly issued 2025s down 2 points today to $97.50) and as the auction closed, AAPL also rolled over - which appears the catalyst for the broad weakness.
AAPL bonds are weak...
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which weighed on AAPL stock...
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And that has dragged stocks notably lower - giving up gains from yesterdays bounce
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but a bounce back in crude is helping (note the almost perfect 48 and 50 levels tested earlier - very human)
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Charts: Bloomberg
