Market Reaction: Not Everyone’s Buying Putin’s Shift

Of course, US equities are large and in charge in the flight-from-safety as marginal money pushes S&P futures back up within a smidge of record highs (hey, why not, Ukraine is 'fixed' right?) but away from stocks, even USDJPY (that pillar of equity confidence inspiration) is not rising as fast. Treasuries and gold are being sold but again not back to levels pre-Ukraine-esclation from Friday. European stocks are surging but not as ebulient as US stocks. Russia's MICEX has bounced, recovering aroung half its losses and Ukraine bonds are rallying (as is the Hyrvnia).

 

Stocks at highs but Treasuries and gold not all the way back…

 

Russia is half-believing…

 

Charts: Bloomberg


    



via Zero Hedge http://ift.tt/1fEwWCg Tyler Durden

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