After an initial dump, equities are back at the day's highs after The Fed's cut-and-pause statement. Bond yields are down, the dollar is up, and gold is down...
Equity algos like it - for now...
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The dollar is up, modestly...
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Source: Bloomberg
The long-end of the curve is sliding lower in yield...
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Source: Bloomberg
And gold is getting hit - though remains higher on the day...
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Just what damage to all of this can Powell do?
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