Since The Fed unleashed its liquidity-withdrawing, confidence-inspiring, inflation-creating, growth-related rate-hike, things have gone a little bit pear-shaped for the policy-makers-in-chief. Gold has soared, stocks have plunged, but perhaps most ominously, bond yields have collapsed as policy-error (or naked bathers) are exposed. 10Y yields are down a stunning 33bps from The Fed decision, breaking back belowthe crucial 2.00% for the first time since October. The odds of a March rate hike are now under 25%!!
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And now the next hike is most likely not to occur until October...
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Error?
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As 10Y yields crash below 2.00%...
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And The Dow is down 500 points from Bullard Bounce highs...
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As Gold and Silver surge...
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Charts: Bloomberg