Stocks Shrug At Carney Chaos; Bonds, Gold, & Oil Surge
The message was loud and clear from Carney...
Post-Carney, Bonds and bullion jumped, cable dumped, and stocks did nothing...
The Nasdaq managed small gains on the day but the S&P, Dow and Small Caps all ended practically unch...
VIX was pressed back near recent cycle lows again but failed to really spark anything in stocks...
Stocks ignored oil's spike...
Financials were weak (lower rates) and energy stocks lagged despite crude's exuberance...
Cable was pounded post-Carney helping the USD Index get green on the week...
Bonds rallied notably on the day as Carney's move sparked a flight to Gilts...
Crude managed to get back even on the week, ramping for now good reason for the second day, gold and silver gained post-Carney...
Crude briefly tested $42 before fading back...
Charts: Bloomberg
Disclosure: None.
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