Black Gold Bounce Sparks Biggest Short-Squeeze Since Last Fed Stick-Save

Black Gold Bounce Sparks Biggest Short-Squeeze Since Last Fed Stick-Save

Tyler Durden’s pictureSubmitted by Tyler Durden on 01/07/2015
http://www.zerohedge.com/news/2015-01-07/black-gold-bounce-sparks-biggest-short-squeeze-last-fed-stick-save

Those that pull the levers did their very best to manufacture the old new normal today from a dead cat bounce in oil prices with an openig short squeeze rip…

As today's rally was led by Homebuilders (Obama proving Einstein correct), Dick's (bigger is better), and JCPenney (magical comps).

But bonds, credit and the USDollar were not playing along.

Stocks bounced back to the cliff edge dive after yesterday's dismal macro data only…

 

Rallying off the 100DMA just like they did on Yellen's big day in December…

 

Who could have seen that coming?

 

 

Energy names clung to green as homebuilders ripped on the Obama FHA premium giveaway bullshit…

 

All driven by the biggest short squeeze in a month… (notice a pattern of the big squeezes)

 

But things decoupled again after Europe closed…

 

as Energy stocks continue to catch down to oil…

 

Treasury yields ended the day unch…

 

The Dollar ended the day higher- once again showing weakness in the US afternoon session…

 

WTI managed to hold on to some gains; silver, gold, and copper flat…

 

Some context for oil's bounce…

 

 

Charts: Bloomberg

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