While initially the market's reaction to The FOMC Minutes was summed up in 1 perfect clip...
Liftoff at hand. pic.twitter.com/3SiRwUkcDH [5]
— Pedro da Costa (@pdacosta) November 18, 2015 [6]
We forecast the market's reaction ahead of the minutes...
Hawkish minutes should be bullish; less hawkish minutes should be even more bullish
— zerohedge (@zerohedge) November 18, 2015 [7]
And as one can see...that's what we got...
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So if everything is awesome - why did The USD drop and 30Y bonds rally?
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But did manage to push stocks into the green post-October-FOMC...
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But the Buy The Fucking Paris Terror Attack Dip (BTFPTAD) rally continues to extend...
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The Nasdaq is up 2% today!!!!!
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Oh - and a Fed rate-hike is now bullish for EM stocks!!!! WTF!
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VXX was headed downhill all day...
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Treasuries were mixed today with the long-end rallying and short-end selling off, espcially after the minutes...
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As the 2s30s curve and stocks decoupled again...
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After an initial kneejerk higher, The USDollar faded lower after the minutes were released...
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Commodities mixed with silver, gold, and crude all practically unchanged as copper drifted to new cycle lows...
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Crude did its usual heavily manipulated v-shaped recovery after the minutes (despite soaring inventories)...
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Charts: Bloomberg
Bonus Chart: Deja Vu again...
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Bonus Bonus Chart: Remember stocks have gone nowhere in 15 years absent FOMC days...
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Bonus Bonus Bonus Chart: Certainly looks like time to raise rates!!!
GDP pic.twitter.com/jg8V0rdPQm [22]
— Not Jim Cramer (@Not_Jim_Cramer) November 18, 2015 [23]