WTI crude is back below $95.50 – its lowest in a month – as the price of the front-month has dropped over 3% today – its biggest single-day drop since November 2012. USD strength (+0.3%) is being ignored for now by gold and silver which are jumping handily (back over $1230 and $20 respectively). US equities are suffering for the first day of the year for the first time since 2008 (which ended -38.5%) led by Russell 2000 and the Dow Transports – which is seeing its worst day in 4 months.
Oil is having a bad day – and its not a WTI-Brent issue as the spread is stable…
and the Trannies are tumbling…
Along with all the other major indices… from Friday’s panic-buying highs
Charts: Bloomberg
Thursday Humor Bonus Chart: We can only assume that Bloomberg did not get the memo on the 100-to-1 reverse split rescaling of Venzuela’s stock index… or it really is -99.9%…
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/rN4pCt86cho/story01.htm Tyler Durden