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Bonds, Stocks Shrug As Hawkish Fed Sparks Dollar Surge, Commodity Purge

Tyler Durden's picture




 

Bonds & stocks seem confused by the somewhat hawkish Fed statement with modest gains for both amid a lot of oscilation around unchanged. The Dollar, however, is quite sure and is surging (EURUSD -100pips) with crude and precious metals sliding.

 

Stocks undecided for now...

 

Bonds not sure...

 

But the dollar is surging (slamming EURUSD back from its big rally)

 

Commodities fell out of tyhe gate but copper now green post-FOMC...

 

Charts: Bloomberg

 

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Wed, 04/29/2015 - 14:36 | 6043618 buzzsaw99
buzzsaw99's picture

hawkish fed? ;? lulz lulz lulz

And I'm known as such
And this is a beat, uh, you can't touch [/mc hammer]

Wed, 04/29/2015 - 14:39 | 6043627 Beam Me Up Scotty
Beam Me Up Scotty's picture

As if any of that "hawkishness" matters.  They can print behind the scenes and who will know?  Who can really prove they havne't stopped QE?  Just cuz they say so?  They can still keep the markets bid, if they want to. 

Wed, 04/29/2015 - 14:39 | 6043644 flacon
flacon's picture

MSNBC:"The economy continues to grow at a faster pace than was anticipated, up 0.2% in the first quarter."

Wed, 04/29/2015 - 14:41 | 6043648 Xibalba
Xibalba's picture

MSNBC: I continue to get my talking points from the WH or else I'll lose my 'job'

Wed, 04/29/2015 - 14:54 | 6043701 Headbanger
Headbanger's picture

What I said here earlier you mooks!

http://www.zerohedge.com/news/2015-04-29/great-unwind-begins-us-dollar-p...

But nooooooooo...

Wed, 04/29/2015 - 14:59 | 6043719 Hype Alert
Hype Alert's picture

The Fed wants to normalize.  They've announced it and Jon boy has confirmed they still want it.  Is the market going to fight the Fed?

Wed, 04/29/2015 - 14:41 | 6043649 Beam Me Up Scotty
Beam Me Up Scotty's picture

They raised your chocolate ration from 30 grams to 20 grams too!!  Rejoice!!

Wed, 04/29/2015 - 14:45 | 6043663 flacon
flacon's picture

Well my bank told me I'm receiving a negative growth of just 0.4% on my investments. As long as it's growing I'm happy as a calm. 

Wed, 04/29/2015 - 23:36 | 6045768 legend247
legend247's picture

I freelance over th? internet and earn about 80-85$ an hour. I was without a job for 7 months but last month my paycheck with big fat bonus was $15000 just working on my computer from my home for 5-6 hours. Here's what i have been doing... www.globe-report.com

Wed, 04/29/2015 - 14:35 | 6043621 foodstampbarry
foodstampbarry's picture

I signed up to be a big brother today. 

Wed, 04/29/2015 - 14:38 | 6043633 Beam Me Up Scotty
Beam Me Up Scotty's picture

There's only ONE big brother, and its not you.  You might have bad things happen to you if you try and edge in on his turf.

Wed, 04/29/2015 - 14:36 | 6043622 Bill of Rights
Bill of Rights's picture

Note: We have a new word " ‘Transitory'

Wed, 04/29/2015 - 14:37 | 6043630 Thisisbullishright
Thisisbullishright's picture

Where is crude sliding???

It shot straight up and has been there nearly all day!

Wed, 04/29/2015 - 14:38 | 6043636 Wm the Shrubber
Wm the Shrubber's picture

Just noise.  Deflationary gravity of debt black hole will suck rates down to 1% as assets drop beyond the event horizon and implode in a 100% correlated singularity.  Math and physics have a way of winning out.

Wed, 04/29/2015 - 15:11 | 6043762 IntercoursetheEU
IntercoursetheEU's picture

Ditto, this is the worst poker hand ever played. Janet's tell, moving lips.

Wed, 04/29/2015 - 14:39 | 6043645 ZoroAustrian
ZoroAustrian's picture

makes about as much sense of any of the circus we've been treated to for the last six (nay, forty!) years

hawkish fed is somehow ok for stocks and bonds, but their bullshit promises take a leg out of PMs for the millionth time?

this will only end with heads rolling

Wed, 04/29/2015 - 14:42 | 6043651 thismarketisrigged
thismarketisrigged's picture

stawks will be green shortly in this rigged criminally manipulated thieving ''market''.

 

gotta give credit to the ppt team today. when the nasdaq was at 5000 exactly today, they did not let it fall a pt under, they were right on top of it.

 

one more thing, this data dependent fed shit is so fucking laughable. we can get ''good'' data for 4-5 months straight and then 1 bad month and they will use that as an excuse not to raise.

we all know a raise in rates is never coming, never never never

Wed, 04/29/2015 - 15:08 | 6043754 Bopper09
Bopper09's picture

Don't believe a word of raising rates.  After all, it rains in the spring, and it will get hot in the summer, that will be why our economy sucks shit.

Wed, 04/29/2015 - 14:41 | 6043652 Thisisbullishright
Thisisbullishright's picture

All I know is that everything is being done to get this fucking market to end green today!

I almost GUARANTEE it will be green...

Wed, 04/29/2015 - 16:06 | 6043949 Arthur Schopenhauer
Arthur Schopenhauer's picture

Ain't none of my shit gonna make it green. I sold everything last Friday and am looking to buy a tulip farm.

Wed, 04/29/2015 - 14:43 | 6043657 Toolshed
Toolshed's picture

If equities go down in any significant fashion, how many central banks will be insolvent? I am not sure of the number, but I can assure you, those in that number will prevent equities from making a major correction...........until the shit truly hits the fan. Today's market recovery is brought to you by your friendly local central banksters.

Wed, 04/29/2015 - 14:47 | 6043675 Weaponized Innocense
Weaponized Innocense's picture

Crude finally woke up...
That's the real crude gut...... Not the manipulated one.
It can know economies well.... It gets burned bad if not!

Wed, 04/29/2015 - 14:49 | 6043689 Esso
Esso's picture

ZH - Hawkish

CNBS - Dovish

Golly, who to believe?

Wed, 04/29/2015 - 15:01 | 6043728 LawsofPhysics
LawsofPhysics's picture

Hawkish?  What the fuck?  More free money is now hawkish?

Wed, 04/29/2015 - 15:04 | 6043737 GoldenDonuts
GoldenDonuts's picture

So what if anything in that statement could be negative for gold?   I can't see it.

Wed, 04/29/2015 - 15:09 | 6043759 Keltner Channel Surf
Keltner Channel Surf's picture

Dear IWM & QQQ algos:  let me know now if you plan to go sideways thru the close, and I'll watch the Chelsea/Leicester match instead

Wed, 04/29/2015 - 16:07 | 6043972 Carl LaFong
Carl LaFong's picture

More QE is guaranteed. This is just more mope for the dopes.

Thu, 04/30/2015 - 01:11 | 6045940 JoWazzoo
JoWazzoo's picture

Uhhh Crude hit a new 15 high.  Were you asleep?

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