Nothing to see here, move along....
And this seemed to sum the mainstream media's perspective up nicely....
Please, no foolish selling today people. pic.twitter.com/PWMBQ0ZmHS [7]
— Rudolf E. Havenstein (@RudyHavenstein) July 21, 2015 [8]
Overnight saw stocks ramp once again towards highs to run stops... but having failed to make higher highs on this surge, combined with weak data and BoJ comments, sent USDJPY sprawling and thus stocks...
[9]
Nasdaq failed to ghold green for the week leaving just Trannies up since Friday...
[10]
On the day... The Dow suffered (with IBM and UTX accounting for over half of the losses).. every rally was sold and the late day lift on th eback of the S&P upgrade of Greece wass a joke...
[11]
Late day saw the e-mini S&P 500 futures ramp perfectly to VWAP to enable sell orders to be efficiently executed...oh and look at the volume rush as selling begins!
[12]
No improvement at all in Nasdaq breadth...
[13]
Stocks caught down to VIX decoupling...
[14]
And then there was LifeLock... sent reeling by an FTC Tweet... [15]
[16]
Treasury yields pumped-n-dumped in what is clearly indicative of thin liquidity and a lack of conviction...
[17]
Are stocks starting to catch down to bonds?
[18]
Major Dollar weakness on the day...
[19]
Commodities gained amid the Dollar weakness...
[20]
On a side note, we point out the decoupling of equity and gold VIX as we saw during The Taper Tantrum and the post-QE3-end period...
[21]
But crude roundtripped... fo rno good reason = once again testing the spike highs on Sunday night as algos were in charge again
[22]
Charts: Bloomberg