Ugly Month/Quarter Ends With Corn Holed, Stocks Sold, Bonds "Good As Gold"

If you love Trannies, here's a message for you this quarter...

First let's get this out of the way... What an utter farce today was with markets breaking everywhere to stick save VIX ETFs rampant manipulation of the indices...

 

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Ok... so Everything was awesome yesterday... not quite so awesome today...from yesterday's US Cash open...


 

Ugly close...



March was weak... apart from for Small Caps...

 

With Financials and Discrtionary red...




Trannies worst quarter since Q3 2012... Dow dipped red... and S&P just managed to hold on to gains for the quarter...

 

Homebuilders are the best performing sector in Q1!!??!! Financials red... first quarterly loss in 11 quarters

 

No one wanted to own Biotechs into quarter-, month-end... (and yes that spike is real when everything went tits up with stocks from U to Z...

 

Year-to-Date... Silver leads, crude lags, gold, Dow, HY credit unch-ish... and bonds nicely green...



Bonds (using TLT as a proxy) were up almost 4% in Q1 for the 5th consecutive quarter...

 

The Dollar was up 8.9% in Q1 - the most since Q3 2008 (cough Lehman cough)... after all the insanity, Swissy ends the quarter just 2.2% stronger against the USD...

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Back to the day/week...


Corn had its worst day since Sept 2013 amid highest inventories in 28 years...


 

More dollar strength today was negative for stocks this time (with USD buying in Asia and Europe fading in the US session)...

 

Treasury yields drifted notably lower...

 

and commodities mostly pushed lower with Gold flat on the day... all that China hope in copper and crude... gone!

 

Crude was crazy... ending the quarter down 10.9%... the 3rd quarter in a row which we havent't seen since 2003

 

Who could have seen this coming?



Charts: Bloomberg