A funny thing happened today. For the first time, the equity and bond market closed red (and VIX green) on a Federal Reserve QE-announcement day. Gold outperformed stocks and Treasuries underperformed everything...
The S&P 500 futures contract has never closed red on the day of a QE announcement before...
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VIX closed higher for the first time ever on a QE announcement day...
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10Y Treasury Yields rose for the first ime ever on a QE announcement day...
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From the FOMC announcement, Gold and Silver closed green but stocks, bonds, oil, financials, and apple all lost ground (as did the USD very modestly)...
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Across Asset Classes - Treasury yields ended at highs, stocks at lows...
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FX markets dominated by JPY weakness and EUR strength...
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and across ETFs - there was an attempt to lever HYG (which has worked to grab stocks higher in the past) but it seems like rotation from TSYs to less-duration sensitive HY as stocks and vol tracked each other all afternoon...
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Indices post-FOMC
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Sectors post-FOMC
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Financials post-FOMC - look at BofA's 'odd' move into the close...
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Charts: Bloomberg and Capital Context