Seriously…
Stocks were mixed today -Trannies and Nasdaq tumbled, the S&P ended marginally red and Dow barely held green.. Stocks were saved in the pre-NYMEX ramp from crude…
The path was insanely schizophrenic as algos have gone wild…(after soaring early, then crashing, then melting up)
The Dow has traveled 1500 points since the Payrolls print…and back red for the week
AAPL ugliness…
Yesterday's buying frenzy in bonds (and string 10Y auction demand) morphed into panic-selling-ish (as a weak 30Y and overall selling) senindg short-end yields positive for the week…
The USD Index resumed its uptrend today – 7th of last 8 days – as JPY weakened once again, running stops at yesterday's highs…
The USD ran the world again today…but once Europe closed, everything went up..
Commodities suffered on the day – all smacked as US equities opened – but of course oil BTFD'ers could noty help themselves…
Oil was just manic today also as no matter what the headline (Iraq discussing Freeze – BUY, Iraq increasing production – BUY), crude prices soared…
Charts: Bloomberg
The post Crude Chaos Sparks Stock Schizophrenia, Trannies Trounced appeared first on crude-oil.top.