From copper to high-yield credit and from stocks to bonds and gold, markets are reacting violently to the headlines from China that they are unleashing another 500bn Yuan "stealth QE"… everything is rallying.. except the USD (biggest drop since May).
US markets…
Stocks are being driven by AUDJPY…
FX… USD's biggest drop since May!
with AUD and EUR bearing the USD weakness brunt…
HY credit tracking stocks higher…
Commodities are all surging…
Copper surges and halted…
Halting futures for 10 seconds…
Chart of copper futures – showing the 10 second halt $HG_F http://ift.tt/YPcMWb
— Eric Scott Hunsader (@nanexllc) September 16, 2014
Charts: Bloomberg
via Zero Hedge http://ift.tt/1u2B6Na Tyler Durden