Well that was a week…
Post-Payrolls, Crude was the biggest loser as stocks, bonds, and gold ended unch…
Small Caps and Trannies were worst on the day…
Stocks had their first down week in a month…
Futures show the real craziness in this week's market…
Crazy day in VIX complex and stocks…
Notice the standard BTFD ramp on a payrolls day lifted stocks to VWAP…
Stocks & Bonds tumbled this week as risk-parity funds suffered their biggest loss in over 6 months
And bond-stock correlation remains near record highs…
Treasury yields rose all week with some mixed performance today post-payrolls… (bonds closed Monday remember)
UK 10Y Gilt yields spiked back above 1.00% for the first time since June 27th (immediate reaction post-Brexit)
FX markets turmoiled this week with the USD ending up over 1% (despite giving some back post-payrolls)…
Obviously the week belonged to Cable… On the week, the pound fell more than it did overall during Brexit week…
PMs pummelled this week as Crude rallied until today…Silver slammed right on time every day this week…
Charts: Bloomberg
Bonus Chart: Stocks are coiling as bonds and bullion slide…
via http://ift.tt/2dLaQsy Tyler Durden