This morning's collapse in the trade balance combined with weak export orders in the survey data suggests the decoupling meme is blowing up. However, it seems investors are losing faith in The Fed as there is broad-based selling in stocks, bonds, and the dollar (with commodities bid). Stocks are now in the red post-FOMC.
Stocks have given up all yesterday's volumeless gains...
[3]
and are back in the red post-FOMC...
[4]
The Dollar is getting spanked...
[5]
and so are bonds...
[6]
Charts: Bloomberg
