But we were promised a bounce?
Stocks tried their best to dead cat abounce and squeeze higher... Trannies and small caps bounced with oil prices in the afternoon...
[4]
Now getting ugly post Payrolls... and from the Nasdaq 5000 euphoria... Dow now down 650 from its highs
[5]
Year-to-date, S&P and Dow are now down 1%, Trannies down 2.7% - all 3 of which catching down to unch post-QE3...
[6]
March has been ugly for all sectors though financials have outperformed...
[7]
With CCARs due shortly, financial stocks remain hopeful...
[8]
The Dollar just keeps on going... led by a continued collapse in the euro...
[9]
EURUSD 1.0511 lows... Jan 2003 lows
[10]
Treasury yields rose in themorning but a 10Y auction that bid through sparked significant buying to bash 30Y 15bps lower on the week... 10Y and 30Y yields are now down from payrolls
[11]
Credit markets decoupled once again hinting at the dead-cattiness of the bounce...
[12]
The dollar strength whacked commodities some more...
[13]
With crude testing down towards cycle low...
[14]
Charts: Bloomberg
Bonus Chart: Cross Asset Vols are picking up once again...
[15]