Stocks Give Up "Greece Doesn't Matter" Gains; Oil Drops, VIX Pops

There was only one clip for today...

But Greece is priced in and doesn't matter anyway right?

 

Not off the lows...

 

Futures show the day's moves with a hope-driven ramp early on (based on absolutely nothing) that tumbled after mixed data (spending up - but only because energy prices are up; and PMIs down and ugly) only to extend losses after EU Leaders cancelled the summit, walked away, and said "game over"

 

Post-FOMC gains are dissolving...

 

VIX jumped back above 14 (was 11 handle 2 days ago)...

 

Trannies closed at their lowest since Oct 20th 2014... and are lower than they were in early june 2014!

 

Trannies are in the red YoY!!

 

The big news - Healthcare! Between Managed Care M&A and SCOTUSCARE (but gains in the broad healthcare saw losses for Biotechs as ETF paits trades implied weakness)...

 

NFLX pooped the bed again - biggest 2 day drop since Oct 2014 earnings collapse...

 

Greek Stocks and US Stocks "coupled"...

 

Treasury yields were mixzed with the short- and long-end unch and belly slighlty higher - though bid after a striong 7Y auction traded through...

 

The dollar was deadstick despite some early turnoiling in Swissy and EUR...

 

Silver & Gold slipped lower once again as did Crude (with coppers China drop v-shape recovering)...

 

Charts: Bloomberg

Bonus Chart: The Greek Debt meetings will continue...

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