Sudden Selling Panic Sends Stocks Reeling On Dollar's Best Week Since Lehman

VIX Smashed, Euro Trashed, Bonds Cashed, Stocks Dashed... and Markets BREAK!!! 1517ET BATS BYX HAS DECLARED SELF-HELP AGAINST NASDAQ

In case it was unclear from all the positive spin post-Yellen speech... (h/t @jonvthvn)

On the day - it was very quiet with some excitement around a hot CPI and not-hot Janet Yellen

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Everything might have been awesome for The Nasdaq and Small Caps high-beta buffonery, but Trannies werer trounced on the week...

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Sectors were very mixed on the week...

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While cash looks relatively stable... the serious swings in the equity markets are much clearer when looking at futures...

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NOTE - just look again at the week in cash and the week in futures... now look at VIX!

VIX was smashed to an 11 handle - lowest since early December...

Before it started to rip back higher and so th emarket broke...

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Treasury yields ended the week higher - jumping notably after today's CPI data...(but note the flattening of the curve - 5Y notably underperforming 30Y)

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The USDollar rose well over 3% this week - its best week since Lehman...

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Led by a 4%-plus collapse in the Euro - its worst since Lehman...

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The USD strength kept commodities under pressure (with copper worst)... higher than expected inflation - sell Gold!

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Crude had another magical v-shaped recovery week...

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Charts: Bloomberg

Bonus Chart: Did the Microsoft curse strike again?

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