This is what happens when the world's central bankers - incapable of seeing the bubbles forming in front of their own eyes - are let loose on global markets... Where ever you look, markets are in turmoil this morning with even the precious equity indices trading like penny stocks... The bottom line is that significant Treasury weakness, gold weakness, and stocks actually in the red suggest an increasing feeling that the QE juice has run its course.
Things are getting out of hand...
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Treasury yields played catch up to stock prices - then diverged dramatically intraday at the moment...
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Gold and stocks were highly correlated - but not today...
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as gold tracks the rise in Treasury yields now...
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and WTI Crude is collapsing... biggest drop in six months
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Cross-asset-class correlations have plunged...
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Charts: Bloomberg