Watching the markets’ reaction and listening to Yellen’s incomprehensible drivel brought to mind two Gladiator clips…
Pre-Fed…
and Post-Fed…
So let’s survey the ‘damage’…
Rate hike odds plunged…
And the market turmoiled all over the place…
But Gold was the post-Fed winner…
Trannies were best on the day… (not the pump and dump between statement and Presser)…
Leaving the S&P 500 dramatically overbought…
Small Caps remain laggards on the week…
VIX was slammed to a 14 handle…
Financials were disappointed..
But have along way to go…
Today was biggest plunge in 2Y Yields since September…
Peabody was Ackman’d…
Treasury yields plunged on the Fed Fold… (notable steepening)…
The USD Index was clubbed like a baby seal…
Which sent USD Index back to mid-Feb “Dimon Bottom” lows…
Commodities all rallied notably after The Fed (weak USD)…
Gold soared…
Charts: Bloomberg
Bonus Chart: Have no fear America, Yellen is “heartened”…
