The EU Jerk-And-Smirk
Update: it just gets stranger and stranger. With a 40 minutes delay, now the WSJ gets in on the action, with their spin:
- Many ECB Members Surprised By Draghi's Comments Suggesting New Bond Buys, Source Tells WSJ
- Draghi Wants To Discuss Buying Govt Bonds Simultaneously With Euro-Zone Rescue Fund, Source Tells WSJ
'Normal' - USD has now reverted higher, TSY yields back lower, and Gold off but stocks refuse to give up hope
and as a reminder of some odd reality in the medium-term...
EURUSD is now tumbling - we assume this reflects greater EUR printing dominating tail-risk fear removal and reduced QE expectations from the Fed... but buy stocks still...