FOMC Statement Market Reaction

FOMC Statement Market Reaction

There is a modest rebound from knee-jerk levels but in general everything is moving how one would expect since the Fed chickened out… The USD is collapsing, Gold and stocks soaring, and 10Y yields tumbling… VIX and Bond vol has also collapsed. Let’s just wait for Ben to bugger it all up with his communications…

Post-FOMC Reaction: S&P +17pts, 10Y -10bps, MTG spread unch, USD -0.65%, WTI +0.5%, Gold +$37

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