Treasury Yields Tumble To Lowest Since June As Stocks Sink

Treasury yields are tumbling once again (10Y at 2.25%, the lowest since June 29th) - as more weak US macro data is compounding Yellen"s dovish tilt from last week. As bond yields began to tumble, so stocks rolled over and VIX jerked above 10...

10Y Yields have retraced exactly 50% of the post-hawkish-Draghi swing higher...

Notably UST bonds relationship to Bunds has broken down in the last week...

And while yields are testing the lows of the day, stocks are rebounding.. because that"s what they do...

Nasdaq remains the only major index in the green for now...

FANG Stocks Soar To New Record High As NFLX Spikes 14% (To 101x Fwd P/E)

As goes Netflix, so goes "Murica...

Nasdaq remains the only major index in the green today and there"s one big fat ugly cash-burning reason. Netflix is up 14% - tearing the faces off of every short-seller (6.2% of float short)...

And NFLX has single-handedly ripped FANG stocks to a new record high - dismissing the "tech wreck" tumble completely...

Since the tech-wreck, GOOGL remains lower, AMZN just broke even, FB is holding up well, and NFLX is exploding...

Ignore this...

And ignore this too...

It"s different this time, silly!