This seemed appropriate...
First things first... this...
This...
This...
And finally, this...
* * *
Ok having got that off our chest... On the day, stocks were mixed, treading water all day around unch... aside from Trannies surge...
Trannies are the best performers post-FOMC (and Small Caps worst)...
Which makes perfect sense...
Was today "the top" of the "Buy-The-Fucking-Paris-Massacre-Dip" rally? Or just another Tuesday-like pause?
Note yesterday's double squeeze was not present today...
Of course all eyes were on these 3 stocks today...
Silicon Valley's fear-o-meter...
And the end of Obamacare...
And finally Valeant... is fixed!!? After Citi upgraded the debt...
Credit markets get it...
The USDollar has dropped back to unchanged on the week having fallen since the FOMC Minutes were unleashed...
The Treasury Complex was very mixed as the long-end dramatically outperformed... (suggesting policy error concerns loom)...
With 30Y Yields breaking back below 3.00%...back to payrolls levels...
Commodities were a mixed bag... with PMs bid but growth-oriented copper and crude lower...
But gold is the best performer post-FOMC Minutes...
Crude prices retumbled back below $40 (for the Dec contract)...
And finally, here is Peabody Energy's 2041 bonds (yes bonds not stocks) which traded near par 2 years ago and changed hands at 5c on the dollar today... but still not in bankruptcy...
h/t @TheCreditBubble
Charts: Bloomberg




















