Come on, we had to…
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Yet again, VIX was slammed to keep the S&P 500 off the red line for 2016 losses…
And while Trannies tumbled, Nasdaq, Dow, and S&P was desperately held at unch for as long as possible…
Once again futures show the exuberant efforts overnight to keep the dead cat alive…
But on the week, it’s all red…
Tesla was a bloodbath… afte running stops immediately after the earnings announcement…
HYG (high yield bond ETF) tumbled for the 4th day closing below its 200-day moving average…
After the biggest outflows on record…
Treaury yields fell notably today…
Another day of US Dollar strength…
Commodities all drifted lower by the close on the heels of USD strength but most notably the chaotic pump and dump in crude…
Crude ripped on Canada headlines (and Libya) but reality set in as the Monday stops were run…
Copper continues to get clubbed as China’s bubble bursts…
And finally…
— Rudolf E. Havenstein (@RudyHavenstein) May 5, 2016
Charts: Bloomberg
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