We suspect more than a few 'traders' feel like the chap in the middle seat...
China weak overnight as once again each government sponsored lfit is sold into..
[7]
To get the full experience of today's farcical market, we look to the futures markets... weakness in China... Fed's Powell unwinds Lockhart's comments... crap jobs data sparks rip higher on bad news buying...good ISM dats sparked good news selling... AAPL buyback maintained S&P early on... Crude production data sent WTI plunging and so did S&P... Nasdaq gains all about the AAPL buyback rip...
[8]
The late day bounce took S&P Futs back to VWAP...
[9]
Cash indices show the roundtrip to unch...
[10]
But The Dow was the underperformer as Disney's plunge took 80 points off the index...
[11]
And note that the S&P lost 2100 close (below its 50 and 100DMA) despite efforts to hold it...
[12]
As the day was dominated by AAPL (buyback anyone?) and DIS (oops)...
[13]
VIX hit 2015 lows today... for absolutely no good reason whatsoever apart from someone needed to cover Disney's dump and support Apple's buyback...
[14]
Treasury yields pushed on higher today with the curve flattening further...
[15]
The Dollar dumped and pumped after weak jobs data and good ISM Services data...
[16]
Commodities trod water along with the dollar but crude was clubbed...
[17]
As inventory draws were trumped by a push higher in production.... WTI tested $44 handle to 4-month lows...
[18]
Charts: Bloomberg