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Stocks Remain Red Post-October-FOMC As Minutes Spark "Policy Error" Signs In Bonds

Submitted by Tyler Durden on 11/18/2015 15:35 -0400

Perhaps notably, despite an initial kneejerk higher, US equities remain below the levels seen when The FOMC Statement was released in October. Gold, The USDollar, and bonds are all modestly higher post-FOMC Minutes... Some might suggest the long-end is pricing in a "policy error" as on the day 30Y is down 2bps while 2Y is up over 2bps.

But since the FOMC Minutes, stocks and oil are best...

2s30s is flattening notably for now - suggesting the market's view that this hawkishness could be a policy error... (as rate hikes pull up thge front-end and long-term growth expectations drop in the long-end)

Charts: Bloomberg

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Wed, 11/18/2015 - 15:38 | 6810129 Squid Viscous

just like last time, the algos are set to buy whenever these kikes say anything, then reality sets in after about 30-45 minutes

Wed, 11/18/2015 - 15:45 | 6810148 Boris Alatovkrap

Boris is compose Limrick on Twitter:

http://twitter.com/BorisAlatovkrap

Fed again is make chatter

Market condition is not matter

Rate is not rise

No big surprise

Bankster is only get fat because that is essence of all action of federal reserve and protectionist agenda on behalf of bankster family of Rothschild, Loeb, Kuhn, and Rockerfeller

Wed, 11/18/2015 - 15:56 | 6810212 froze25

Always remember Civilization is just one Carrington Event away from ending.

Wed, 11/18/2015 - 15:43 | 6810149 moneylover3

Machine Vs Human

Wed, 11/18/2015 - 15:44 | 6810151 Clockwork Orange

Policy error in Gold, too.

The faster they crash this, the faster they print again.

As Rickards predicts, QE4 likely in March, no later than June.

Print on, counterfeiters.

Wed, 11/18/2015 - 15:48 | 6810172 aliki

atlanta fed has them staying "on track"

Atlanta Fed's GDPNow held its Q4 forecast at 2.3%

Atlanta Fed's GDPNow held its Q4 forecast at 2.3% unchanged from the previous estimate, following recent updates on production, CPI and today's housing starts: "The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2015 is 2.3 percent on November 18, unchanged from November 13. The forecast of real growth has remained at 2.3 percent after Tuesday's releases for October data on industrial production from the Federal Reserve Board, consumer prices (CPI) from the U.S. Bureau of Labor Statistics, and this morning's release of October housing starts from the U.S. Census Bureau."

https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1

Wed, 11/18/2015 - 15:48 | 6810174 pound the vix

You can go over the minutes as much as you want, but with options expiration this friday, they must crush the shorts and punish anyone who bought puts. How dare they, its un american

Wed, 11/18/2015 - 16:15 | 6810306 Crocodile

With the OPEX and the FOMC minutes and the Paris fear-mongering; what else would anyone expect out of a defunct market?!! Not to mention more crappy "data" (bad is the good as immorality is virtuous in the Brave New World), I mean lies.

Wed, 11/18/2015 - 15:50 | 6810180 Vlad the Inhaler

They were looking for any BS excuse and now they've broken resistance most places, so it's next leg up on the rally.

Wed, 11/18/2015 - 15:53 | 6810195 SheepDog-One

They're never raising rates, just putting more makeup and rainbow Afro wigs on stawks hoping that will fool people.

Wed, 11/18/2015 - 15:57 | 6810220 froze25

I agree with Peter Shift? on this one. They won't raise rates because they can't.

Wed, 11/18/2015 - 16:11 | 6810280 Crocodile

They can raise rates, if you consider 15-25 bp's as a a rate-hike, which I don't. However, if they actually raised rates at all, then you know they have all the back-door mechanisms in place to mitigate all the potential havoc. Otherwise they will not and cannot unless they plan on dragging the entire world economy down and that might be the overall plan, but I do not think they are quite ready for that yet. TPTB need to strike more fear into the lives of people across the western world before that happens and many people aren't buying it.

I would not want to be in any major "progressive" city, for the psychopaths will cause false-flag mass murder, like Paris, onto the one's who are their gullible supporters in order to garnish even more support for their sociopathic agenda's.

Wed, 11/18/2015 - 16:23 | 6810277 AlltheWine