Since the day was all about EUR-crushing Q€ front-loading and Germany's "we are at an impasse" statements in Europe, we thought the following (h/t @DougKass) would entertain as while US investors believe it is 'inconceivable' that US stocks would quake at anything, it really is down to Germany vs Greece...
Before we get to stocks, there were bigger moves afoot today that must be focused on...
The best 2 days in USDollar since October 2011 (driven by EUR's plunge after Coeure's comments)...
And the collapse in commodities - especially crude...
And an illiquid spike in Treasuries again...
As futures show stocks pumped and dumped on Q€, on good housing data and just on stop hunts
Trannies were really ugly today... MUST.CLOSE.S&P.GREEN!!! #FAIL!
AAPL down, WMT smacked.. then YHOO crashed and BABA popped on China import tariff news
Total Carnage in YHOO in the last few minutes...
Something very odd here - looks like a big arb got stopped out..
Wal-Mart's weakness chipped 22 points off the Dow (and that is after they still couldn't beat earnings that had been crushed...
And on the week...Trannies end today in the red..
VIX surged in the mid-afternoon... it seems someone wanted to hedge ahead of tomorrow's FOMC minutes... and don't forget what Bob Pisani said today "you're guaranteed to make money buying VIX"
Treasuries were all over the pace today as ECB headlines and US data ruffled an illiquid markets
While we noted earlier the 10 days in a row that US Treasuries have sold off (yields rise) from 1330-1400ET, the almost ubiqutous selling from early US morning to the European close is just as 'oddly' managed... 18 days yields was up in thelast 23 days...
The dollar ripped higher today...
On the back of a collapse in EURUSD... 350 pips below Friday's highs... (3rd diggest drop since Oct 2011)
Commodities were smashed lower in general as the dollar strengthened... biggest drop in Silver in 3 months, biggest drop in copper in 4 months...
Crude crushed lower - erasing all gains post April's inventory 'draw' [26]... as June went off the board...
Charts: Bloomberg
Bonus Chart: Still could be worse...
A lot worse...


















