Post FOMC Market Reaction: JPY Loses 102 And Stocks Crumble

Tyler Durden's picture

Emerging Market FX is tumbling post FOMC; IG and HY credit market spreads are knocking wider; Treasury bond yields are plunging (after a knee-jerk higher); and the USD is rising. However, JPY is outpacing the USD move and with its break below 102 critical support, US equities are plumbing new pre-December-Taper lows... S&P futures are now down over 35 points from the morning "EM is fixed; where are all the sellers" highs...

Dec Taper gains gone for Dow and S&P and almost for Russell...


JPY carry unwind collapsing stocks...


10Y kneejerked higher in yield and then tumbled...


EM FX is fading back...


Gold rose into the report...(oddly) then collapsed and rallied back...

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Cursive's picture

Look at that bounce off of 1770.50 (cash)!  Algos in control and if close below 1772, blood on Wall Street tomorrow.

papaswamp's picture

SP futures blew through 1770.

Winston Churchill's picture

Gold holding its own.

Time to burn some dry powder.

maskone909's picture

weather report


heavy downpour of bankers from high-rises

Dr. Richard Head's picture

Don't worry, the Fed will open its Yellenbrella.

TeamDepends's picture

It is interesting to note that many appear more than willing to ride the Titanic all the way down.

SAT 800's picture

Oh, always; they don't call it a herd mind for nothing.

SoilMyselfRotten's picture

But those people on CNBC tell me it's a great buying opportunity?!?

Shleprock's picture

Fightin hard to hold 1772.  Not gunna happen  look out below!!

SAT 800's picture

Crumble. first I had a cookie. then I just had some crumbs.

101 years and counting's picture

no way. the fed starts bailing at all time high bullishness, all time high leverage and record low cash.  it only took 5+ years of lies and printing, but they finally got the small guy sucked in....and promptly pulled the rug.

Bearwagon's picture

Yeah, that's more how I like it ...

ebworthen's picture

Bill Gross embarassing himself on CNBC.

I'm beginning to see a correlation between guest appearences and poor fund performance.

SAT 800's picture

CRAASH !! WTF was that? OH, nothing dear, it was just the stock market.

Hedgetard55's picture

FED proxies buying the dip with both hands (and our money).

SheepDog-One's picture

Just until MyRape gets up and running.

Obama_4_Dictator's picture

lol - zerohedge call the bottom once again!

Grande Tetons's picture

Kinda fucked, eh. 

Longing the Yen is like kissing a fan. 

SAT 800's picture

never tried kissing a fan; tried a lot of other stupid things, tho. Funny comment.

lolmao500's picture

Yeah because the stock market levels really shows reality on the ground-NOT.

ebworthen's picture

DOW down 200 then bouncing back to pre FOMC decision levels.

"Buy!  Buy!  Buy!  Plan that MyRa now!"


Caracalla's picture

Off the lows....  Hope everyone BTFD today.  It's probably headed higher from here.

Fiat Burner's picture

PPT hard at work. We'll be green soon.

Ness.'s picture

Right on cue - tyler posts article on collapse of equities - immediately followed by 50 point dow ramp.


golf clap.

Winston Churchill's picture

You must be looking at a different ticker to me.

Nobody will want to be holding tonight.

X_mloclaM's picture

bro, it rolled over dec 31, u rully need to unplug the tv

pls see:

gold  -- dbl bttm

dow  -- high

10s yield  -- dbl bttm

SheepDog-One's picture

Time to shear the BTFD'ers.

SAT 800's picture

Don't discourage him; I need people to take money away from.

SillySalesmanQuestion's picture

Down goes JPY! Taper goes to the corner as the referee counts...7,8,9,10. It's over.

Babaloo's picture

Hey dumb ass, and all the up voters.  The yen is not going down.  It's rallying vs the dollar.  Fewer yen per dollar means it's going up, not going down.

Gawd, it just boggles my mind how 'effin stupid the people who comment here are.

NoWayJose's picture

The nice thing about a taper is that it spreads the market pain out over a 7 or 8 month period... All down!

Frank N. Beans's picture

-->  so did we get a knee-jerk down? 

-->  or a knee-jerk up?


SheepDog-One's picture

'FED to taper another $10 billion'...hey no worries I'm sure, minimum wagers are about to make up that difference as they pile their whole measely paycheck, plusSNAP cards, into dickhead Oblahblahs MyRape account. I'm sure.

dasein211's picture

Of course they'll defend 1775.... And of course they'll fail. It didn't plunge immediately after the last taper. We still have 3-5 weeks of oscillations according to the charts. EM's will take it down. That move really was a "Turkey". But it's coming..... Oh it's coming!

SAT 800's picture

Yeah; it is. it's a little late to defend 1775; the DOW is down over 200pts. at 3;15pm. Gonna be a lot of fucked up brokers and traders in the manhattan bars this evening.

SAT 800's picture

it doesn't usually; but it does on fear. And there's fear in high places because countries are having problems; or I should say, having problems that are no longer hidden and pappered over.

ColoQ's picture

Anyone heard from Hugh Hendry lately?  I could use his opinon on what's trending.

SAT 800's picture

I like listening to that crazy Scot, myself. probably because I'm a crazy Scot too, never got the hang of agreeing with anyone about anything; it's a national characteristic. Why the fuck be Friends, when we could fight to the death !  Counterproductive, actually; but at least it keeps you from doing what ever everyone else is doing.

Yen Cross's picture

   If the China HSBC manufacturing numbers are bad in Asia later, this turd(market) is going to get really stinky.

BigRedRider's picture

Brakes is gone Weezie!! "Weeze fweewheelin!"