Stock Short-Squeeze Party Ends After Wells Worries & Crude Crunch
By Tyler Durden
Is the party over?
In a shocking day for stock traders, US equity markets were unable to hold any gains today – despite a panic buying ramp in USDJPY at the close…
With VIX being slammed incessantly to try to keep S&P green…
Trannies & Small Caps rolled over today but remain big winner on the week…
The banks continue to lead the week…
As the short-squeeze seemed to run out of ammo…
Notably – not even the biggest quake since Fukushima was able to hold back the JPY carry-mongers…
Treasury yields rose on the day but with the week's bear-flattening continuing…
The USD Index eked out a gain for its biggest 3-day rise in 2 months (as China devalued the Yuan fix dramatically overnight)
Commodities all fell today, with copper best of the bad bunch…
Silver continues to outperform gold in the short-term…
Charts: Bloomberg
Bonus Chart: Wondering where The Fed “Put” lies? Simple – about 75-100 S&P points below the Fed Balance-sheet-implied level!
Source: Stock Short-Squeeze Party Ends After Wells Worries & Crude Crunch
