S&P Retraces Half “Putin-Press-Conference” Gains

AUDJPY (and therefore US equities) is sliding this morning after the ubiquitous pre-open melt-up providing a green open for retail investors to believe in. Notably, from the close before Putin’s press conference, the Nasdaq is underperforming all major indices (and Trannies soaring) but this morning has seen almost one-way traffic since the open. Treasuries are unch today as are precious metals (recovering from early losses) and the USD is modestly higher driven by AUD and GBP weakness.


S&P futures have retraced half the post-Putin gains…


And notably from the close before Putin’s press conference, Nasdaq is underperforming (and Trannies soaring)


But AUDJPY remains in charge…


Charts: Bloomberg


via Zero Hedge http://ift.tt/NS15bz Tyler Durden

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