"Retail Rout Dings Dow, Bond Yields Tumble To 2-Week Lows"

Following up on this morning's "Equities: How's My Driving?".

Big gains for China overnight with hyper-beta ChiNext soaring...

European markets rolled over hard today...

 Source: Bloomberg

US Small Caps outperformed on the day, Dow Industrials and Transports lagged (markets ended on the weak side)...

Small Caps were driven by a post-EU-Close short-squeeze...

Source: Bloomberg

The Dow suffered its first drop in 3 days, and closed below 28k, thanks to ugly earnings from Home Depot...

Source: Bloomberg

Kohls was clubbed like a baby seal...

Kohls and Home Depot sent the S&P Retail sector reeling to one-month lows...

Source: Bloomberg


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Treasury yields were all lower on the day led by the long-end...

Source: Bloomberg

With 10Y closing back below 1.80% for the first time since Nov 4th...

Source: Bloomberg

...MORE