Dow Drops Again Despite Lack Of Global Armageddon Threats

No healthcare reform, a hawkish Yellen, and dismal housing and confidence data... equity markets jump...presumably because the world did not end... but did dump into the close

Video length: 00:03:18

"and... it's gone"

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All major equity indices gained on the day (with Trannies and Small Caps extending their exuberance) and Nasdaq the laggard on the week still... (NOTE - rebound on EU close, rebound on Yellen remarks, but weak close)

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S&P was 'managed' around the key 2500 level, thanks to another VIX crush to a 9 handle...BUT that failed...

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FANGs ended the day positive but not by much...

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It looks like the AAPL buyback machine was turned back on today...

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Will Fang catch down to AAPL?

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Banks continue to outperform the market even as the yield curve continues to flatten drastically...

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Treasury yields ended the day modestly higher - not quite erasing yesterday's gains...

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The Dollar Index rose once again, tagging the Aug 16th FOMC Minutes lows...

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WTI/RBOB sank on the day (ahead of tonight's API inventory data)...

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Gold dropped back to $1300 - erasing any North Korea concerns - with some noise from a hawkish Yellen...

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And finally, Swiss National Bank stocks crashed 35% in the last few days (back below Bitcoin)...

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