GDP Sparks Gold Dump, Stock Pump

Bond yields jumped over 4bps on the better than expected GDP print. Stocks popped along with the USD index. Gold was flip-flopped all over the place – an initial dump was followed by a rip back over $1300 only to be sold back down to $1295 now… Equity exuberance is fading back a little now as machines ‘read’ the anti-goldilocks ADP print and inventory-stuffed Fed-hawk-supporting GDP print as indicative of a punch bowl that just got dragged away a little more…

 




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

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