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Breaking Top Featured Content:
Dollar Has Best Day In 2 Months As Fed Sinks Stocks, Bonds, & Bullion
Tyler Durden
Wed, 08/19/2020 – 16:01
The Fed Minutes’ message was clear: “Y.C.C., Nay!”
And that did not go down well in bond-land…
Source: Bloomberg
Erasing much of the last two day’s gains…
Source: Bloomberg
And steepened the yield curve…
Source: Bloomberg
Which knocked stocks lower… (at the cash open, small caps were bid with Nasdaq dumped but then the machines kicked in and went to new highs before The Fed’s YCC-dismissing Fed Minutes)… Nasdaq was the day’s biggest loser…
The S&P 500 lost its old highs..
Sparked the best day in the USDollar in two months…
Source: Bloomberg
Sending precious metals lower with gold back below $2000…
And silver back below $28…
As real yields spiked…
Source: Bloomberg
Cryptos slipped a little more today…
Source: Bloomberg
Oil prices whipsawed in a tight range after inventories data to end almost unch with QTI at $43…
Copper ended higher but tumbled after The Fed Minutes (with futures back below 3.00)…
Finally, making all the headlines, Apple reached the stunning level of a $2 trillion market capitalization…
Because, fun-durr-mentals…
Source: Bloomberg
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