In a speech titled “living life near the ZILB,” Fed’s Williams suggested the lesson learned is to “take swift action” and the market appears to have taken that as uber-dovish, dumping the dollar and bidding for bonds and stocks…
The dollar slumped…
Bond yields tumbled…
And stocks levitated (with Nasdaq getting back to unch)…
Another potential catalyst for the move was headlines from The Guardian claiming that Iran offered to agree to a nuclear deal if US dropped sanctions.
via ZeroHedge News https://ift.tt/2XUtdyo Tyler Durden