There's only one clip that seemed to sum up today's trillion dollar printfest exuberance...
But it wasn't all shits and giggles... inflationists may have been disappointed by only a 3bps jump in 5Y5Y Fwd Euro inflation expectations, weakness in European sovereigns, a tumble in US Treasury yields, and a plunge in crude oil...
For a few minutes there, everything was not awesome... but stocks staged a late-day panic-buying "everything is awesome" melt-up (on no new catalyst at that point) moving into the green year-to-date to "prove" central planners have it all worked out...
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As cash indices gapped open higher, retraced to fill the gap - ripped to the European close - stabilized - then melted upo in the afternoon on the back of JPY weakness
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Which lifted stocks into the green year-to-date... But The Dow lost Green right at the close
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Financials were the day's big winners in stocks (even though the yield curve flattened even more, and credit markets - which did rally today - remain flashing drastically red). Energy stocks rallied 0.4% even as crude oil crashed 4-5%
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USDJPY was fully in charge of stocks... (as JPY and EUR battled for shittiest currency in the world)
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EURUSD was baumgartnered... almost 300 pip drop
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Which smashed the USD 1.5% higher... its biggest single-day rise in 18 months
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To new 11-year highs...
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But the USD strength did not affect gold or silver which surged post-ECBQE (as copper and crude were clubbed)... with gold closing above $1300 at 5-month highs
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With crude crashing to a $45 handle after QE (USD strength) and EIA inventory build...
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Treasury yields saw a massive swing - with 30Y dumping 15bps after the ECB QE news before leaking back higher...
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Quite a decoupling from stocks...
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Rather oddly, Russian stocks soared today... despite the renewed carnage in crude oil... (after tracking in a highly correlated manner for days)
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Year-to-date, Silver and Gold are the major winners, stocks now unch and oil remains the biggest loser still..
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Charts: Bloomberg