Stocks Dump, Bonds Jump As Retail Wreckage Trumps Crude Spike

Remember how awesome it all felt yesterday, yeah that’s all gone… Pride (in senseless uncorrelated low volume rallies) always comes before the fall…
Macy’s ate the jam out of the market rally’s donut today despite crude’s spike (and thus Energy stocks) on the DOE inventory draw… This was S&P Retail Sector’s worst day since Aug 2011…

This post was published at Zero Hedge on 05/11/2016.