The markets tried to shrug off early weakness by breaking Nasdaq and squeezing shorts...
But by the end...
Thanks to a late-day Nasdaq options market break (BATS declares self-help against NASDAQ right as the late-day ramp begins), stocks - especially the Nasdaq ramped back to the day's highs... but some very late selling dragged everything back...
[6]
Note the selling pressure during Europe - which was ramped into the US open... then ramped again after EU close...
[7]
As an afternoon short squeeze lifted stocks...but gave it back at the close.
[8]
Leaving Dow and S&P red for the month of March
[9]
Treasury yields were mixed today - short-end notably higher and long-end notably lower as the curve has flattened 8bps on the week
[10]
Credit markets were absolutely not buying it with selling in cash and hedging in synthetics...
[11]
The USD lost ground modestly on the day as AUD weakness offset EUR strength...
The USD has now risen at it fastest pace in history (aside from the immediate post-Lehman quarter)...
[12]
Depsite USD weakness, commodities fell on the day despite the spike higher in PMs early in the day...
[13]
Crude once again had a wild ride... This is oil's lowest close since 2009
[14]
As ETF-pressure and the looming roll smashed contango...
[15]
But this morning's WTI plunge and PM surge was very odd - as WTI ran its stops...
[16]
Just keep laughing...
[17]
Charts: Bloomberg