It seems Yellen's desperate attempt to tell the world that the US economy is doing fantastic BUT not well enough to raise rate more than 3 times appears to have let stocks hope down. Combine that with ECB comments and uncertainty over Trump's budget and the political 'put' rallied as stocks sank...
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We're gonna need some more hawkish jawboning - as economic growth expectations collapse - to rescue this one...
Video length: 00:01:12
Early gains from the Dutch election exuberance faded for US stocks...
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Trannies are red post-Fed
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Nasdaq was panic-bid by the machines to end the day barely green...
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US VIX was slammed to yesterday's lows into the close to try desperately to get The Dow green to prove how awesome The Fed is...
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But Europe's VIX collapsed to record lows...
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Crashing to match US VIX...
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High yield bonds slipped lower as the bounce off the 200DMA fades...
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Treasury yields rose on the day - seemingly driven by PBOC and BOJ actions more than anything specific...
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Bonds and Stocks recouped today after converging yesterday - once they converged - both began to sell off again...
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Late headlines from ECB's Nowotny sparked weakness in Bunds and compressed the Bund-UST (Futures price) spread to 5 week lows...
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And EURUSD blew out...
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The Dollar Index dumped post-Fed to 6-week lows
EUR strength offset AUD weakness today to drag the USD lower...
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Despite USD weakness crude ended unchanged - notably weaker post-PBOC hike...
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USD weakness and political uncertainty sparked the biggest gains for gold since Brexit. Silver and Gold both broke above key technical levels...
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