Reuters summed it up (because there really was absolutely nothing at all new from Japan or China)...
[10]
h/t @StockCats
While deadlift fails and etrade babies would be appropriate, the idea of pride coming before the fall (as evidenced by so many talking heads in the last 2 days on mainstream media) seemed summed up perfectly as follows (forward to 2:10 and enjoy):
Before we start, let's apportion some blame - Tim Cook...
[11]
Oops...
[12]
We did warn you...
AAPL better wrap this up soon or the market will flash crash
— zerohedge (@zerohedge) September 9, 2015 [13]
But it all started in Asia with some major JPY dumpage (paging Mr. Kuroda) to ramp Nikkei almost 8 ridiculous percent!!
[14]
Japan is already down 500 Points from overnight highs...
[15]
And the disappointment is a clear inflection point in the markets...
[16]
But still higher since Friday (for now)...
[17]
We are going to need some more help from Asia...
[18]
Dow Futures give us better context for this dead-cat-bounce...
[19]
Today's ramp was a perfect stop-run to last week's highs...
[20]
With OPEX looming, one wonder how this relationship will change this week..
[21]
Still could be worse...
[22]
Treasuries extended losses early on as rate-locks dominated amid heavy corporate issuance but as AAPL rolled over and the "hope/hype" faded, bond yields collapsed...
[23]
The US Dollar ended unch on the day, driven as usual by EUR, but JPY strength and AUD weakness broke the back of the recent exuberant carry-driven idiocy...
[24]
JPY carry momo lost its mojo...
[25]
Despite some weakness in the dollar, commodities rolled over as reflation/stimulus hype faded quickly...
[26]
With crude crumbling back to the week's lows, closing with a $44 handle...
[27]
Charts: Bloomberg