Bond Bloodbath Sinks Stocks As Dollar Spikes To 9-Month Highs

Another day, another pump-n-dump...

For a few brief shining moments this morning, everything was awesome, but then - once again - the selling started...

Bonds & Stocks were slammed...

As Risk parity funds dumped...

As Bond-Stock correlation leaked back to 'normal'...

Futures show the week has been very technical with stops being run up and down around the 50- and 100-DMA...

Trannies outperformed but Small Caps were hit hard...

The Dow is clinging to green on the week...

And it's turning into an ugly month for Small Caps...

VIX pushed up against 15 a number of times today... S&P was ramped above its 100DMA for the open...

As we tweeted...

Yet again no ramp (the game has changed)...

Real Estate stocks were slammed hard...

TSLA tanked off overnight run stop highs...

Treasury yields jumped dramatically early on today and steepened considerably...

Yields rose across the entire developed sovereign complex with UST yields (at the long-end) to 5-month highs...

SEK is the weakest of the majors this week but JPY weakness along with pound's plunge pushed USD Index up again...

The USD Index broke back above 99.00 once again to 9 month highs...

Gold & Silver were flat today but crude and copper managed gains despite USD gains...

Crude algos ramped oil prices again to run $50 stops... twice...

Charts: Bloomberg

Disclosure: None.

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Gary Anderson 9 years ago Contributor's comment

Pretty good bond tantrum. The banker mob is pushing prices down for a little while.