Spot The Odd One Out

Tyler Durden's picture

A funny thing happened today. For the first time, the equity and bond market closed red (and VIX green) on a Federal Reserve QE-announcement day. Gold outperformed stocks and Treasuries underperformed everything...

 

The S&P 500 futures contract has never closed red on the day of a QE announcement before...

 

VIX closed higher for the first time ever on a QE announcement day...

 

10Y Treasury Yields rose for the first ime ever on a QE announcement day...

 

From the FOMC announcement, Gold and Silver closed green but stocks, bonds, oil, financials, and apple all lost ground (as did the USD very modestly)...

 

Across Asset Classes - Treasury yields ended at highs, stocks at lows...

 

FX markets dominated by JPY weakness and EUR strength...

 

and across ETFs - there was an attempt to lever HYG (which has worked to grab stocks higher in the past) but it seems like rotation from TSYs to less-duration sensitive HY as stocks and vol tracked each other all afternoon...

 

Indices post-FOMC

 

Sectors post-FOMC

 

Financials post-FOMC - look at BofA's 'odd' move into the close...

 

 

Charts: Bloomberg and Capital Context