But...we have a deal in DC?! As the safety bid in bullion continues (but bonds are fading), stocks are greatly rotating lower (sadly a 10 point drop is now 'epic' in our new normal world), retracing much of the post-payrolls (taper is a good thing) gains. Perhaps more notably, attempts to juice stocks with EURJPY are failing (for now)...
Retraced...
[3]
EURJPY not working.... But AUDJPY is...
[4]
Still think taper is priced in?
[5]
Charts: Bloomberg