Dismal Data Sends Stocks Back To Highs But Bonds Ain’t Buying It

Stocks “v-shaped” recovery off the lows, thanks to a good squeeze in FANG stocks, is blindly ignoring the tuymble in WTI crude, the drop in Treasury yields, and the weakness in USDJPY…

And the bottom hit when the dismal factory orders data hit…

So what happens next?

This post originally appeared on Zero Hedge


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