Bonds And Gold Bid; USD And Stocks Skid

Despite the late-day shenanigans that usually occur on a Friday (especially in light of the end-of-month proximity), the S&P closed red with its worst 6 day run in 5 weeks. The Nasdaq and the Russell managed to cling to unchanged as the Dow, Trannies, and S&P slid 1.3% or so on the week. Treasury yields fell for the 3rd week in a row with 5Y yields plunging 36% in that time - the biggest drop in 25 months. The USD fell 0.2% on the week with GBP and JPY strength the biggest drags. Silver and Copper ended unch after a very volatile week, gold the winner +1% and WTI -2% on the week. VIX was well bid, up 1.5 vols as the term structure cracked to the flattest in 4 months... and JCP is 'Breaking Bad'.

Treasuries extend their win streak to 3 weeks - the biggest drop in 5Y yields in 25 months...

Quite a dispersion among the US equity indices this week...

The S&P managed to bounce a litle off the "Summers-Out" lows but the Dow remains in the red...

Bond yields continue to crater as un-growth trumps any un-taper talk for now...

The USD fell today led by a notable risk-off shift in JPY carry...

Commodities were very noisy this week with PMs seeing all sorts of rips and dips...

Managers appeared to be actively buying protection into the weekend as opposed to selling down the underlying risk...

Charts: Bloomberg