Stocks, Bonds And Bitcoin Battered After Powell Trapdoors Markets, Says December Cut Not Set

For about 35 minutes, today's FOMC decision was the most boring central bank event in years: the Fed cut rates, ended QT, had a couple of dissenters and... the market did not budge as most of that was fully priced in: the S&P was flat as a board, yields barely drifting higher on speculation what Schmid's hawkish dissent could mean, with commodities and cryptos flatlining. 

And then, bam