Fed-Nado Crushes Stocks And Crude; Long Yields Hit Record Low
How Treasury Shorts felt this afternoon...
What hungry stock market cheerleaders heard from The Fed...
Two words - Thanks Janet...
all dumping after a quick kneejerk hjigher post-FOMC
Dow dropped 400 points off the overnight highs!!
And S&P crushed 55 points from post-AAPL highs...
The S&P finished "not" off the lows...
S&P and Dow break below their 100DMA - we're gfonna need a Fed Speaker stat!
On the week, stocks are ugly.. withg Nasdaq leading the selloff
Which leaves everthing red year-to-date...
and Dow and S&P down since the end of QE3
The USDollar gained post FOMC but remains lower on the week...
Commodities had been weaker into the FOMC statement but gold outperformed post..
A lot of turmoiling today...
Crude was smashed to new cycle lows (after record supply, big build, and Fed)
Kiwi was monkey-hammered... (and has been since SNB as carry trades are unwound)
Treasury Yields collapsed
to new record 30Y yield lows...
And finally, because a day like that would not be complete without it...
Charts: Bloomberg
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