Given the efforts in JPY carry and VIX clubbing to juice stocks today, this seemed appropriate...
But by the close... despite the best efforts of VIX and JPY, we ended red
Futures show we drifted lower overnight with the opening ramp helping bring things back
On the week, Nasdaq and Small Caps were lifted back green after early weakness...
Trannies hit "correction" 10% down territory...
It seems VWAP is going mainstream...
Treasuries and Stocks remain decoupled...
VIX was a gappy mess (that is a technical term only experienced traders will understand) that was on a mission to go lower...
VIX futures volume is getting massively concentrated... Thanks VXX rebalance
The USDollar slipped on the day - amid more volatility around the US open - led by EUR and CHF strength...4th day in a row of overnight USD buying and US session selling...
This is the first consecutuive days drop in USD in 2 weeks.
Treasury yields were very quiet today - short-end outperformed...
Gold for the 3rd day was deadsstick as was Copper and silver...
Gold has traded in a $5 range the last 3 days... with the USD a lot more volatile
Crude did its shenanigannery once again as inventrory draw gains were reversed on production surges and then machined higher into NYMEX close...
Charts: Bloomberg
Bonus Chart: Oil - friend or foe to stocks?














