Despite the exuberant surge in crude oil prices (as Yemen-Saudi tensions rise), Energy stocks are tumbling off the opening squeeze. In a delayed reaction, Shale stocks are now all in shambles as Einhorn's presentation seems to be sinking in...
Energy stocks have decoupled from oil prices...
[4]
Led by Shale Stocks...
[5]
If we were conspiratorial, we would suggest that this morning's epic ramp in crude was 'designed' to squeeze shorts at stock market open allowing the big boys outs in the face of retail shorts.
Charts: Bloomberg
