Worst Start To A Year Ever, Stocks Down 5 Days In A Row

How many are feeling after the worst 3-day start to a year EVER...

 

Market internals triggered a 2nd Hindenburg Omen...

 

The S&P 500 is down 5 days in a row - the first time since Sept 2013... with the biggest 5-day decline since Jim Bullard saved the world... (finding support at its 100DMA for now)

 

And broad equity indices bounced intraday off that 100DMA support (in Dow and S&P) - with JPY ramping stocks back to VWAP...

 

From the Russell 2000's peak, stocks are still down notably...

 

But today had a similar feel to yesterday with some afternoon dip-buyers vanquished... (but the S&P 500 just held 2,000)

 

As Energy stocks tumbled back towards oil's weakness...

 

as Energy credit risk topped 1000bps again and broad spreads widened...

 

As WTI traded with a $47 handle!! After Saudi "demand" comments...

 

The biggest news of the day - apart from the worst start to the year in stocks ever... and oil trading with a $47 handle!! - was the total collapse in bond yields...

 

The USD rose modestly in the day (rallying during the US afternoon unlike yesterday)...

 

but overall JPYwas still in charge of stocks...

 

Once again - despite USD gains, Gold and silver rose with the yellow metal testing $1220... (and silver surging)

 

 

Charts: Bloomberg

Bonus Chart: For The White House onlookers - NOT Europe...

 

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