"Market 1 - 0 Yellen" Bonds & Stocks Bid As Crude Crumbles

Only one clip seemed appropriate given the last two days...

This seemed to sum things up nicely...

S&P500 Futures; NO STOPS GO UNTOUCHED IN THE ELECTRONIC ARCADE - http://t.co/8DmaJqUWbe pic.twitter.com/Icwt87hliL

— Mr TopStep (@MrTopStep) May 7, 2015

But this morning's epic short squeeze provided the momentum for the rest of the move...

Gartman and Yellen were celebrating briefly this morning...then not so much

Cash indices managed briefly to get green *(Russell and Trannies only) for the week, but leaked lower into the close...

It appears there was some protection-buying ahead of tomorrow's "digital" payrolls number(VIX notably underperformed)

As did HY Credit...

Then there's YELP...

SHAK shook...

Bonds were the big movers today with Bunds & Treasuries massively roundtripping... (Bunds -18bps from overnight highs... and USTs -15bps!!)

This is the best day for 30Y TSYs since Jan 28th

On the week, Treasuries remain higher in yields but major bull flattening today (as perhaps AAPL rate locks were lifted)...

The Dollar rose notably, driven by buying during the US Session...

Commodities all weakened as the dollar strengthened...

As Crude crashed back to one-week lows...(despite tension rising in ME)

And Shale Stocks were slammed...

Charts: Bloomberg