Stocks suffer their biggest down day in 2 weeks…
It all looked so hopeful early this morning as those pajama-players bid us back to cycle highs…and then it all fell apart…
As metals were smacked lower by a China margin hike…
Dow lost 18,000, S&P lost 2,100 but Trannies were the worst on the day…Nasdaq managed tro get green at the death…
The last few minutes saw a Dow 18k hunt as VIX was slammed again…and WTYF was that at the close – total fail to clam VIX to get Dow >18k
And Dow and S&P rapidly caught down to Nasdaq's weakness on the week…
Energy and Financials were red today but so were Utes…
Banks weakened today -= is time to catch down to yield curve reality?
And investors flooded out of AAPL (back into bear market territory), rushing into the 'safety' of Biotechs again…
Stock index and VIX ETFs have decoupled again…
Treasuries were also dumped today (a message from The Saudis? or heavy rate locks as issuers cramble to take advantage of recent market openness) – notable steepening today…
The USD Index plunged (as Draghi disappointed and EUR surged) then shot back higher as algos panic-sold EUR when Draghi uttered the magic word – "more"…USD Indexc ended the day unch (and week)
Here's a close up of EURUSD – just for fun, try trading that…Stops run top and bottom…
Crude fell on the day (topping around 815ET) but gold and silver managed to hold small gains as the entire commodity complex was smacked lower around 9amET…
Gold and Silver have had a turbulent week…
As the Gold/Silver ratio jerked higher for the first time in over 2 weeks…
Charts: Bloomberg
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