In the Nasdaq today...
Trannies were by far the day's worst performer...
Nasdaq managed to hold on to gains post Draghi but the S&P and Dow gave it all back...
Since San Bernardino...
This would be the first four-quarters-in-a-row drop in Transports since 1994 and the worst year since 2008...

As they caught down once again to oil's reality...
Stocks and credit decoupled again...
High yield bonds broadly collapsed to August 2009 lows...worst day in 3 months...
As CCCs crashed to new wides...not seen since July 2009
This won't end well...
Treasury yields trod water within a very narrow range today...almost comploetely retraced the ECB sell-off
As The USDollar drifted lower again after recovering some of the ECB losses...
Commodities continue to flatline broadly with crude having a wild ride today...
A lot of chatter in the crude oil trading complex today.. which left the commodity practically unchanged as dip-buying algos rescued WTI from $36 and Brent from $40...
But Open Interest in $35 Puts expiring shortly have reached record highs...
Charts: Bloomberg
Bonus Chart: Canadian Stocks hit a 2 year lows... playing out 2008/9 perfectly...














