It was all too easy there eh? Never. Gets. Old…

The US Open and NYMEX Close were the triggers today…

Stocks did not go higher today confounding business TV anchors worldwide…

But off last Thursday’s lows, it is still impressive…

The “short squeeze” ended today…

FANGs dropped 1.4% on the day – the biggest drop in 8 days (after 5 straight up days)…

Ugly afternoon for the FANGs…

Credit wasn’t buying it again…

Treasury yields declined for the first time in 4 days, led by a 6bps plunge in 30Y (3.5bps 2Y)…

As extreme options skews unwind…

The USD gained modestly again today, led by EUR weakness but we note JPY was bid (following overnight comments from Kuroda)…

USD/JPY plunged into the close of NY trading…

Extending The BoJ’s utter fail even more… NKY back below 16000

Crude tumbled back to earth a little but gold (and silver) were the best performers today with a ramp starting as US opened and accelerating after EU closed…

Gold’s 2nd best day in 13 months…

Crude round tripped its gains from API ‘draw’ overnight…

Charts: Bloomberg

Bonus Chart: You Are Here