GDP Market Reaction - NEW QE-Off Trade (For Now)

Tyler Durden's picture

From the swings and lows of historical revisions to beats across the board of GDP data this morning, it seems the market's pre-occupation with NEW QE is now being faded (modestly for now). Treasuries are 4-5bps higher in yield, S&P 500 futures down around 5pts, Gold down $10, and the USD up modestly. For now, it's QE-off, though no-one seems convinced as EURUSD falls - which fits better with the Fed won't print but ECB will perspective.

 

 

and close up...

 

and on a different note, Facebook has a $22 handle...