WTF Chart Of The Day: Fun-Durr-Mentals Edition

WTF Chart Of The Day: Fun-Durr-Mentals Edition

Money on the sidelines? EM fixed? Expectations of a terrible jobs number tapering the taper? One thing we do know for absolute certain – this ramp in stocks has nothing whatsoever to do with fun-durr-mentals… as USDJPY 102 takes the S&P back to unch on the Taper and above its 100DMA.

USDJPY 102.000 Tagged…

It seems the so-called “market” liked the guilty verdict on Martoma?

Though we suspect the machines are desparate to get the S&P back to unchanged from the taper…

and above the 100DMA…

Charts: Bloomberg

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