No healthcare reform, a hawkish Yellen, and dismal housing and confidence data… equity markets jump…presumably because the world did not end… but did dump into the close
"and… it's gone"
All major equity indices gained on the day (with Trannies and Small Caps extending their exuberance) and Nasdaq the laggard on the week still… (NOTE – rebound on EU close, rebound on Yellen remarks, but weak close)
S&P was 'managed' around the key 2500 level, thanks to another VIX crush to a 9 handle…BUT that failed…
FANGs ended the day positive but not by much…
It looks like the AAPL buyback machine was turned back on today…
Will Fang catch down to AAPL?
Banks continue to outperform the market even as the yield curve continues to flatten drastically…
Treasury yields ended the day modestly higher – not quite erasing yesterday's gains…
The Dollar Index rose once again, tagging the Aug 16th FOMC Minutes lows…
WTI/RBOB sank on the day (ahead of tonight's API inventory data)…
Gold dropped back to $1300 – erasing any North Korea concerns – with some noise from a hawkish Yellen…
And finally, Swiss National Bank stocks crashed 35% in the last few days (back below Bitcoin)…
via http://ift.tt/2wSpk4c Tyler Durden