So to refresh – deteriorating macro data, depressed long term growth expectations, 3 Fed dissenters, and the response – Buy Everything!
Bonds, Stocks, Oil, and Gold all higher…
And all major indices just exploded…
VIX collapsed to a 12 handle briefly…
We don't want to piss on anyone's fireworks, but the S&P move looks like a machine-driven stop-run…
Rate hike odds for Dec surged…
And The Fed cut long term US growth protential to its lowest on record…
Nasdaq hit new record highs…
Stocks all soared extending gains on the week…
The USD Index and yield curve were both crushed…
Yen strength (uh oh Kuroda) and AUD strength helped to drag the USD index lower after Janet folded…
Kuroda's efforts are absolutely dismissed by the FX market…
Bond yields plunged today after The Fed folded… (and the curve notably flattened)
The weaker USD helped commodities…Silver and Gold Surged…
Charts: Bloomberg
Bonus Chart: Yellen…
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