Weaker than expected inflation and better than expected housing data sparked a dump in commodities, surge in the USDollar and US stocks. US Treasuries were unsure at first but once the US cash session opened, bonds were sold hard. The trends of the morning though have now slowed and are reversing modestly as Europe closes… and AAPL tops $100…
Commodities sliding…
Stocks jumping but stalling post EU close…
Treasuries were unsure at first but started tro dump when US equity markerts opened… only to stall when Europe closed…
All about the Jackson Hole trade? Let Goldman explain…
With opinions mixed as to whether or not Jackson Hole will be the forum for Yellen to say something new, many are trying to figure out if it is a buy the rumor and then buy more after the fact event, a buy the rumor sell the fact event, or a do nothing with the rumors and then buy the fact if the USD is actually rallying after the fact event.
Clear?
Charts: Bloomberg
Bonus Chart: AAPL $100
via Zero Hedge http://ift.tt/1pGoKuu Tyler Durden