ADP “beat” sent stocks and USD up, bonds and gold down. GDP “miss” sent stocks and USD down, bonds and gold up… and now the Fed’s emergency meeting has sent all asset classes into a Tapering-the-taper frenzy as chaos hits markets sending stocks up to highs of day (less Taper), Bond yields to lows of day (low growth less taper), USD tumbling (less taper, moar QE vs ECB), and Gold jumping higher (less taper, more QE)… correlation is crumbling everywhere as the Fed’s calming communications cause chaos…
Chart: Bloomberg
via Zero Hedge http://ift.tt/1u4Drck Tyler Durden