Bonds Soar, Stocks Snore After "Good" News Sparks Hindenburg Omen Uncertainty

To all the bond shorts who have appeared on mainstream media in recent day sproclaiming the end is nigh... today was carnage for them...

 

For the 2nd day in a row, new highs new lows, advancing and declining measures of the stock market are 'confused' as today's retail sales "good news" had investors unsure of what to do... 3 of the last 4 Hindenburgs triggered notable selloffs and the last one was immediately denied the day after as McClellan Oscillator moved positive...

 

While stocks extended gains early on, today was all about bonds... today's 11bps plunge in 30Y bond yields is the 2nd largest since April 2013....

 

Which smashed yields back lower on the week... after a well bid 30Y auction

 

And decoupled stocks and bonds once again...

 

The initial move in bonds started in Europe, was banged by the "good" retail sales data (implying earlier rate hikes and thus slower growth and thus higher bond prices) and then the IMF walk out sparked more bond buying...

 

The volume was all in the Retail Sales data...

 

And as for the "higher rates and steepening yield curves are great for financials" meme - nope!!!

 

Trannies extended theirt squeeze gains while the rest of th emajor indices trod water on the day...

 

On the week, Trannies remain red and the Dow leads...

 

VIX was monkey-hammered today (driven by VXX and VIX Futures)

 

As we noted earlier, it's all about AAPL...

 

(and AAPL flash crashed today)

 

Which seemed to send the signal from the dark pools to the "open" markets for where the bids were...

 

The Dollar gained ground after better than expected retail sales (thanks to surging gas prices!!!) as JPY bounced back... A weak equity close also saw USD selling...4th day in a row post EU Close saw USD selling...

 

Commodities all drifted lower on the day... (silver flat)

 

Crude backed off on the day after its 7% surge off the lows...

 

Today - trannies love lower oil prices... as opposed to the last 2 days...

 

Charts: Bloomberg