Summing up the week (in Washington and NYC)...
A hope-strewn squeeze at the open was dominated by the Grexit contagion spreading across the pond..
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On the week. the S&P just managed a gain with the Nasdaq on a 3-week losing streak - its worst since January...
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But Futures show the real volatile swings in the markets this week...
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On the week, Energy stocks were the biggest losers (despite Crude's gains) and Homebuilder led (WTF!?)
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Bonds & Stocks decoupled...
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And SMART money flow is notably divergent...
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And then there's TWTR...
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And Axon - the biggest Pharma fraud IPO ever...
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Treaury yields ended the week lower... after all that hand-wringing about bonds collapse
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The dollar ended lower for the 2nd week in a row...NOTICE THE PATTERN?
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Gold and Crude made gains on the week as Copper and Silver slipped...
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Crude ended higher but gavce back all its post inventory draw gains as Saudi threats and record production did not help...
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Charts: Bloomberg
Bonus Chart: Credit Suisse warns that this level of extreme non-volatility (the smallest range on record) implies investors are like a deer in headlights - stuck in place and too overwhelmed to act.
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Bonus Bonus Chart: The S&P 500 is 2% off all-time record highs and investors' Fear is getting extreme...
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