Spot The Odd One Out

Tyler Durden's picture

Yes, it's happened again. One of these markets is not like the other ones.

Stocks have started their reversion to the short-term normality in Gold, USD, and Treasuries...

 

which put another way is a reversion in the nominal price of stocks in gold...

and stocks ignoring high yield credit's less sanguine view of things all of a sudden...