WTF Chart Of The Day: Fun-Durr-Mentals Edition

Tyler Durden's picture

Money on the sidelines? EM fixed? Expectations of a terrible jobs number tapering the taper? One thing we do know for absolute certain - this ramp in stocks has nothing whatsoever to do with fun-durr-mentals... as USDJPY 102 takes the S&P back to unch on the Taper and above its 100DMA.

 

USDJPY 102.000 Tagged...

 

It seems the so-called "market" liked the guilty verdict on Martoma?

Though we suspect the machines are desparate to get the S&P back to unchanged from the taper...

 

and above the 100DMA...

 

Charts: Bloomberg