Diamonds maybe, but Biotechs aren't forever...
Stocks tried valiantly to suggest everything is awesome today... but failed...
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From Monday's open (post Quad Witching), things are not pretty...
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As Biotechs bounce did not last...
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Leaving the S&P unable to close green YTD...
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And the world's largest stock index in the red post-QE3...
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Bonds were monkey-hammered as the dollar strengthened. 30Y yields soared 13bps off today's lows... and 30Y back to unch from the FOMC.
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As Bonds and Stocks recouple post-FOMC...
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Swissy was unceremoniously dumped in a wonderfully linear manner...
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As The Dollar V-Shape Recovered off early losses...
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Gold, copper, and silver clung to gains on the day despite the resurging dollar and oil prices hald overnight Yemen gains...
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Crude close up...
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And USO (the Oil ETF) was all over the place with some seriously broken markets...
Now this is bizarre - NYSE TRF stopped reporting trades for all stocks except USO for a 15 second period: pic.twitter.com/2EKClfUOAF [17]
— Eric Scott Hunsader (@nanexllc) March 26, 2015 [18]
For the anchors on CNBC - "Off The Lows" Is the new "Killing It"
All you need to know...
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Charts: Bloomberg
Bonus Chart: "Distraction"
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