Published on Zero Hedge (http://www.zerohedge.com)

Home > Peak Intervention? China Rate-Cut Stock Gains Erased In Under 4 Hours

Peak Intervention? China Rate-Cut Stock Gains Erased In Under 4 Hours

By Tyler Durden
Created 10/23/2015 - 10:20
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 10/23/2015 10:20 -0500



 

Did the age of central bank omnipotence just come to an end?

After 3 USDJPY driven rescues, the China Cut gains are gone for the S&P 500...

[3]

 

Of course, from the close yesterday, markets are still holding gains...

[4]

 

Even as VXX surges back into the green

[5]

 

Maybe stock traders glanced at the un-exuberance in credit markets...

[6]

 

Charts: Bloomberg

 

- advertisements -

Source URL: http://www.zerohedge.com/news/2015-10-23/peak-intervention-china-rate-cut-stock-gains-erased-under-4-hours

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/139
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/10-overflow/20151023_oops3.jpg
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/10-overflow/20151023_oops4.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/10-overflow/20151023_oops2.jpg
[6] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/10-overflow/20151023_oops.jpg