Zero Hedge
0
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

Market Breaks After Fed-Driven Buying Frenzy Turns Into Selling Scramble

Fed officials, "market" participants, and even oil ministers lost grip of reality once again today... only to get jolted back to reality by JOLTS Hires and Revolving Consumer Credit collapse...

 

On the day, Small Caps dropped as Trannies topped - as it now seems surging oil prices are great for airlines etc... Kocherlakota's dip-and-rip was destroyed by Consumer Credit's collapse...

 

From last Thursday's cash close, Trannies and Small Caps have given up their gains...

 

From the Payrolls-plunge, stocks are still holding on to gains...

 

And as everything fell apart into the close, to complete the farce, this happened.

Euronext advises that due to technical issues, trading in derivatives has been halted.

— Eric Scott Hunsader (@nanexllc)

 *  *  *

*  *  *

Treasury yields were mixed on the day (close to close - long-end down 3bps, short-end up 2bps) but tumbled notably in the afternoon...

 

Stocks caught down to yields...

 

The Dollar rallied again.. no up over 1% on the week...

 

 

Despite dollar strength, gold was stable and copper up as silver slid...

 

Oil surged on various headlines that were only imbibed with asymmetrical bullishness by the machines...

 

For the 2nd biggest 2-day surge in over 4 years...

 

Charts: Bloomberg