Crude Carnage Sends Stocks Lower Despite Last-Hour Buying-Panic

By Tyler Durden of Zero Hedge

Thursday, February 26, 2015 5:00 PM EDT

For all the clever chaps claiming stability in oil, we have one message after today's bloodbathery...

Following the same template as last week, crude oil dumped after the pump post-DOE inventories and collapsed to a $47 handle briefly - erasing all February's gains...

AAPL also had a tough day to start with... before it announced a media day in March (who could have expected that?) which sent the algos into a frenzied panic-buying meltup...

Neither of which helped stocks as it appeared the supposedly "good" data - specifically a notable MoM rise in real wages - sparked fears that it was exactly the excuse that Yellen and The Fed (as various speakers today confirmed) need to remove patient in March and hike in June... "good" news indeed was bad news for stocks... but as soon as 1500ET struck - with absolutely no news whatsoever - stocks decided it was ramp time...

Nasdaq and Small Caps just exploded once AAPL started moving and the last hour was just crazy - as every index moved in perfect sync...

Here is the last hour of trading in US equity markets today... make sense? These are equity portfolios containing extremely varied sets, weights osectors individual entities... and yet they float perfectl;y higher in sync on a sea of seemingly endless margin...