Overnight Japan got shellacked, a minor side effect of Yellen's flip flopping dollar policy...
Deutsche Bank is reaching for a new weekly low, another side effect of Fed policy by Police Squad...
And deja vu of February, oil is re-discovering the spot market as rollover expiration approaches...
Nothwithstanding today's disconnect, correlation between oil and stocks remains at 95%:
Treasuries and stocks disagreeing over the 'Conomy...we know which one is right...
Consumer staples bounced off the trendline and continue to go vertical towards binary implosion land where Biotech, Fracking, Chinese internet stocks, and Netflix have already gone before...
All gaps are below the market...
"By the end, 3x overvalued soup companies were trading like internet stocks, and crashed accordingly. It was the vertical 'safety' trade"
There's no way out of the Hotel Californication...
