VIX Smashed, Euro Trashed, Bonds Cashed, Stocks Dashed... and Markets BREAK!!! 1517ET BATS BYX HAS DECLARED SELF-HELP AGAINST NASDAQ
In case it was unclear from all the positive spin post-Yellen speech... (h/t @jonvthvn)
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On the day - it was very quiet with some excitement around a hot CPI and not-hot Janet Yellen
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Everything might have been awesome for The Nasdaq and Small Caps high-beta buffonery, but Trannies werer trounced on the week...
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Sectors were very mixed on the week...
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While cash looks relatively stable... the serious swings in the equity markets are much clearer when looking at futures...
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NOTE - just look again at the week in cash and the week in futures... now look at VIX!
VIX was smashed to an 11 handle - lowest since early December...
Before it started to rip back higher and so th emarket broke...
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Treasury yields ended the week higher - jumping notably after today's CPI data...(but note the flattening of the curve - 5Y notably underperforming 30Y)
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The USDollar rose well over 3% this week - its best week since Lehman...
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Led by a 4%-plus collapse in the Euro - its worst since Lehman...
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The USD strength kept commodities under pressure (with copper worst)... higher than expected inflation - sell Gold!
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Crude had another magical v-shaped recovery week...
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Charts: Bloomberg
Bonus Chart: Did the Microsoft curse strike again?
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