‘Blinkered’ Fed Spikes Dollar, Clobbers Commodities

Just ignore it…

 

More crazy pills…

 

Bonds and Bullion were sold post-Fed…

 

But all in all only The Dow managed to cling to gains – even with the panic-Buy The fucking Fed Dip…

 

S&P closes the last 7 days….2388 2387 2388 2384 2388 2391 2387

 

 

VIX rose on the day… (despite a quick flash crash on The Fed)…but was monkey-hammered lower after The Fed to ensure

 

As Realized vols drop to near 90 year lows..

 

Treasury yields ended the day higher…

 

Except for 30Y which outperformed as chatter of ultra-long bond issuance was dismissed)…

 

The USD Index rallied, breaking to one-week highs, but in a very narrow range…

 

AUD weakness dominates along with JPY but Cable tumbled on comments from May about EU bitchiness…

 

The dollar strength did not help commodities which were already under pressure (Crude and Copper both hit by surges in inventories)

 

Just like in stockland, energy traders bought the inventories dip…

 

Gold and Silver tumbled into the close with the former busting below $1250 and its 100-day moving average…Gold sinks to 6 week lows.

 

And Dr. Copper was clubbed like a baby seal…

via http://ift.tt/2pG5bb1 Tyler Durden

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