It’s About Dollar And Yields

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S&P 500 and Nasdaq went in cautiously to the Fed announcement, and intial selling gave way to buying the dovish perceived and intepreted message – just as I told you about in the pre-FOMC preps video. Yields retreated, dollar fell, and risk assets – led by tech – had a great time. Sputtering in the risk sentiment just before the GDP outperformance and unemployment claims brought precious metals down, yields up and USD up – stocks keep being unfazed as the below chart (even before the data points driven hit to many a real asset) bring about only one red 30min NDX candle showed. In such volatile…

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