Summing up today… “Nein” – Germans to Greece; “Nein” – Greece to Germany; “Nein” – hiring in Texas; “Nein” – Philly Fed ‘hope’; “Nein” – crude production and inventories hit record highs.
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It’s madness… The US equity market is trading like a penny stock…
As is Crude…
Despite its best effort, the S&P 500 could not hold 2,100 for the 3rd day in a row…
Nasdaq is only looking for one thing… 5000 or bust baby!! but notice the collape in Trannies intrday…
On the week, US equities are mixed with Dow red. S&P unch, Nasdaq leading
Treasuries rallied early but as equities pushed higher on bad macro data and record oil inventories and no deal in Europe!!!?? yields rose once again….
The Dollar rallied on the day, recovering the FOMC Minutes losses… Swiss Franc continues to plunge…
Another day, another take down of gold ansd silver, copper flat and crude recovering magically its plunge as it rallied for some fucked up stupid reason off the big inventory builds…
Just for clarity… Oil soared after the massive EIA build and productiuon data (and gold and silver were sold)…
Charts: Bloomberg
