Bwuahahahaha….
Another day in the "markets… Silver & Gold the big winners post-Yellen – oops!
As we have said before – there is one simple rule…
The "Market" Explained…
The machines ran the stops…
On the day it was Small Caps that won yuuge – as investors panic-bought the worst of the worst…The Dow surged 220 points off the pre-Yellen lows…
Nasdaq and Russell remain red Year-to-Date but S&P and Dow once again rejoined Trannies in the green…
Stocks decoupled from FX Carry and Oil…
VIX was instantly slammed on Yellen's speech and pushed back to a 13 handle….
Bonds were also bid as yields utterly collapsed across the entire complex…sending yields to one-month lows…
This was the 2nd biggest drop in 2y yields since The Fed folded in September…
The USDollar was monkey-hammered as Yellen unleashed her dovish-ness…
EURUSD spiked to 1.13 crushing the hopes and dreams of Draghi's devaluation…
and commodity currencies surged (weak USD) decoupling from Oil…
It appears the rush for crude is over as despite USD weakness, WTI tumbled 3% as Gold surged 2%…
So to sum it all up…
Stocks higher because the Fed is "less confident it can normalize rates" and sees "weaker global growth environment"
— zerohedge (@zerohedge) March 29, 2016
So it appears Janet saw this and panicced… so when do stocks catch down again?
Charts: Bloomberg
Bonus Chart: Yellen's Dilemma (h/t Alex via @SoberLook)
Запись “When Hawks Die” – Yellen-nado Sends Bonds, Stocks, & Bullion Soaring впервые появилась crude-oil.top.