While the US equity market is addicted to central bank heroine - as evident by Friday's response to Draghi and Monday's give back - it does not compare to this 73-year-old man who tried to snort cocaine while being arrested in Seattle...
Crude was today's biggest news...
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Total and uttter carnage to February 2009 lows...
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With no central banker to explain that one should the fucking dip, stock investors were listless... Small Caps wer worst on the day... But The Dow's drop put it back into the red for 2015
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As Trannies and Small Caps gave back Draghi/Payrolls gains...
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Futures show the craziness of the last few days...
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It seems GUNS is the news FANGs...
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Energy stocks were worst...
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Energy Stocks were extremely ugly - biggest 4-day drop since Black Monday...
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Biotechs gave back the Draghi gains...
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Credit markets puked...
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With HYG closing at fresh 4-year lows...
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Flashing the loudest warning of all...
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Treasury yields tumbled...
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And the curve flattened significantly (2s30s screaming that financials should be sold)
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The USDollar drifted higher...
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Commodities all limped lower...apart from the carnage in crude...
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Crude's biggest 2-day drop since Jan 2015...
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Sending Bloomberg's Commodity Index to fresh 16-year lows...(and are 22% below the trough in 2009).
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Charts: Bloomberg
Bonus Chart: This Won't End Well...
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