An ugly dump in stocks early on sent all the major indices to yesterday's lows (and bond yields to yesterday's lows) but for a smorgasbord of reasons (pick from: Bullard "QE4", jobless claims, industrial production, oil rising, lack of Ebola panic, oh and POMO) stock performed the ubiquitous bounce and extended gains quite handsomely before fading back in the afternoon. Volume was considerably lower than yesterday but solid (driven mostly by the dump). 

All major asset classes ticked together all day with USDJPY, Treasury yields, stocks, and oil all rising with one another. The USD was flat (despite some intraday kneejerks) as were gold and silver. Copper slid lower as oil jerked dramatically higher intraday before falling back (holding above $82). VIX fell modestly to around 25.5. 

Once again early manic-selling led to late buying panic (but the volume buying was dramatically lower). The Dow closed red for the 6th day in a row - longest losing streak since Aug 2013.

Russell & Trannies were the best performers on the day as the major indices all closed around unchanged despite the best effortsof JPY...

The weakness in stocks (during the European session) is evident from futures...

Ramp volume (which lifted S&P Futs back to VWAP) was weak relative to selling volume

Sectors saw the worst first today as Energy rebounded...

Everything was nicely coupled today...

A very big swing in HY CDX today (looks like hedges being unwound and managers reducing risk into the rally)

VIX decoupled again at the close (same as the last 2 days)...

The USD kneejerked higher and back down around EU and US data to close very marginally higher (-0.9% on the week)

Treasury yields rose 3-4bps on the day - across the curve

Oil surged (but faded back), gold and silver flat, copper lower...

Charts: Bloomberg

Bonus Chart: GOOG....