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Home > Stocks Melt-Up On Oil Bounce As JPY Carry Breaks

Stocks Melt-Up On Oil Bounce As JPY Carry Breaks

By Tyler Durden
Created 07/28/2015 - 10:57
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 07/28/2015 10:57 -0500



 

In case you were wondering WTF... it's oil, as the algos pin to WTI after JPY failed to follow through on overnight intervention...

 

Dumping bonds didn't work... so they ramped JPY and when that failed switched to oil...

[2]

 

Of course the ramp is volumeless...

[3]

 

It appears bonds and stocks needed to recouple...

[4]

 

Because fun-durr-mentals. That's why.

 

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Source URL: http://www.zerohedge.com/news/2015-07-28/stocks-melt-oil-bounce-jpy-carry-breaks

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/07-overflow/20150728_oil.jpg
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/07-overflow/20150728_oil2.jpg
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/07-overflow/20150728_oil1.jpg