After a brief respite yesterday amid global terror attacks and weak data, the BoJ's lack of action overnight appears to have spurred more panic-buying in stock futures (near record highs, Dow testing towards 20k), VIX-slamming, and a surge back into the dollar (back at Dec 2002 highs). Gold (and silver) and getting monkey hammered once again and bonds are being sold.
The Dollar Index broke its post-Fed highs to 14 year highs...
As EUR/USD hits fresh 13 year lows (amid chatter of European stability after Merkel's political prospects look troubling following yesterday's terror attacks).
Dollar strength - for now - means precious metal weakness...
But silver is worse...
And buyers are back in stocks (dumping protection)...Is today the day for Dow 20k?
and exiting bonds once again...
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