This morning makes as much sense as most mornings. US equity markets, after some weakness in the European session have been lifted wholesale towards Friday’s highs on the heels of a USDJPY 102 stop-running algo. At the same time bonds are being bnought aggressively with 10Y and 30Y yields now lower on the week. The USD index is surging higher on EUR and GBP weakness and commodities are sliding.
Normal?
USDJPY in charge of stocks… but that 102 stops have been run now
And bonds are rallying…
The USD Index is jumping…
and Commodities are sliding…
Charts: Bloomberg
via Zero Hedge http://ift.tt/1po5UHu Tyler Durden