Stocks DID NOT GO UP!!!

Despite the best efforts of the algos, oil's gains failed to spark panic-buying in stocks...

But the opening short squeeze in stocks did manage to get the S&P to record intraday highs before fading...

With S&P suffering its lowest volume since 2015 Thanksgiving...

Trannies started the day exuberantly on the heels of Oil's short-squeeze (and managed a small squeeze into the green near the close), but everything else ended lower on the day...

Energy stocks bounced at the open but faded all day; Financials were unch...

Post-payrolls, crude is now the big winner...

The USD Index rallied into the US open then then faded back to end practically unchanged... Yen weakness offset AUD strength...

Treasury yields followed a similar path, selling off into the US open then rallying back leaving 30Y yields lower on the day...

Crude's exuberant squeeze sent WTI back above $43 - back to DOE data highs 2 weeks ago...

But we note that the ETF-driven squeeze is over as longs/shorts shift back into above-average levels...

Also notably Oil VIX is back aits upper end of the range to Equity VIX...

Charts: Bloomberg

Bonus Chart: "Probably Nothing"

Bonus Bonus Chart: "Probably Nothing"-er...