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Market Update: It's Opposite Day

Tyler Durden's picture




 

Sometimes you have to just sit back and laugh and how Mr. Market (and the visible hand of carry-funded exuberance) spreads its fingers of influence through asset-classes... This morning's equity, bond, precious (and base) metal, and FX price moves are worth a glance...

Bonds bid, stocks bid... all about the JPY-carry...

 

 

and commodities...

 

So knee-jerk reactions to a 'Taper-On inspiring' claims and GDP print were met with an immediate avalanche of JPY-selling by someone who also decided that recent S&P 500 highs had some stops to soak up and that gold should be sold into the face of the most uncertain weekend (and Indian confiscation) we have seen in years...

But POMO's over now... and Europe closes soon...

Charts: Bloomberg

 

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