The USD seemed to get a sudden flush at 10am, which sparked bond (10Y -3bps), stock (S&P +5pts), and gold buying (up over $15)…. no catalyst as far as we can see other than UMich inflation expectations plunging…
Did some algo forget POMO has finished?
only catalyst we can see is inflation expectations collapsed…
Charts: bloomberg
via Zero Hedge http://ift.tt/14myNhw Tyler Durden