The Nasdaq, Russell 2000, and Dow Transports have been rescued in their high-beta manner all the way back to green by an initial USDJPY ramp to ignite some momentum "off the lows". Treasuries and credit refuse to play along and even USDJPY has decoupled as stocks surged on a VIX-slamming (from over 17 to 15.50) ramp to unch. Safe-haven buying of camera-on-a-stick continues (+8% today).
Back to green…
With camera-on-a-stick squeezing ever higher…
On a sea of USDJPY rampage…
and VIX-slamming (from over 17 at the open)
But bonds ain't buying it…
Charts: Bloomberg
via Zero Hedge http://ift.tt/1rFcn3D Tyler Durden