Overnight “manic-selling” in global bond markets (and turmoil in stock markets) has been met – suddenly – this morning by “panic-buying” as mysteriously liquid buyers lift stocks back into the green and send bond yields plunging (right after Euronext breaks)…Europe…And US…As Bloomberg adds,
“At some point the stress on stocks, risk assets, from either earnings fears or higher rates surely has […]
If you bought Trannies ahead of The FOMC, then…Otherwise… given the volume traded today…The S&P 500 has now alternated down and up for last 9 daysIt’s been quite a ride… post-FOMCOn the day, Trannies got trounced by Railroad warnings…and Biotechs buggered by GileadSectors all rolled over hard into today’s close…Today’s market traded in a very narrow range and on extremely […]
Just as the BIS has grown concerned at “the markets’ buoyancy hinges on central banks’ every word and deed.,” the following two charts show, perhaps more worryingly and more clearly that any others just how bipolar (and short-fuse schizophrenic) the world’s equity markets have become…Sentiment has been totally crazy.. swinging from utterly dysphoric to complacently euphoric and back to ‘brink […]
