The kneejerk – USD up, stocks down, bonds down – reaction has faded and with The Fed statement pitching its dovish tent back in domestic concerns while keeping a hawkish eye on global developments. The Long bond is back in the green but it appears machines are busier running oil stops higher and dumping gold.
Oil is insane as it explodes 2% into the NYMEX close…
And once NYMEX closed – bonds now beating stocks
VIX was slammed as the statement hit…
Which sent banks and AAPL soaring… but that’s all fading now…
Rate hike odds rose but very modestly from 21% pre- to 23.5% post-FOMC.
USDJPY stops were run high and run low…
The post Market Reacts To Fed Confusion With Chaotic Stop Hunt: Bonds Beating Stocks, Banks Pump’n’Dump appeared first on crude-oil.top.