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Markets Manic, Oil Flat As 'Hawks' Trump & Warsh Dominate, Liquidity Plummets

Tyler Durden's Photo
by Tyler Durden
Authored...

Tl;dr: Despite Trump's headline roulette (bombs away, Israel chill, reserves tight, MOU signing timing), markets were relatively calm into The Fed (with strong retail sales and home sales)... but a dramatically hawkish shift in the 'dots' and the statement sent stocks and gold lower and (short-end) bond yields and the dollar higher.

A manic day for many who weren't expecting such a shift from Warsh:

The Fed