"Growth" Stocks Slammed - Lose All FOMC Minutes Exuberance

Tyler Durden's picture

Well that didn't take long. At yesterday's close, every talking head was proclaiming the growth sell off over and "see" the Fed is as easy as we said... however, this morning (after dismal data out of Japan and China) US equities have been a one-way street lower. If the world is relying on a post-cold-weather rebounding US economy to be the engine of growth... is it any wonder they are selling "growth" and buying bonds... Only the Dow is holding post-FOMC-Minutes gains and Momos and Biotechs are being monkey-hammered...

 

 

and Momos are getting smashed...

 

and remain notably lower from the actual FOMC date...