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"It's A Bloodbath" - Markets Everywhere Reverse All FOMC Moves

Tyler Durden's Photo
by Tyler Durden
Thursday, May 05, 2022 - 04:00 PM

Update (1200ET): Things are escalating across every asset class: Nasdaq is down 5%...

VIX massively reversed - now back above 32...

Bitcoin is down 7%, 30Y yields are up 16bps, the dollar is exploding higher, 'Most Shorted" stocks are collapsing, and gold is tanking...

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After yesterday's biggest gain on a Fed rate-hike day since 1978...

It appears short-squeeze ammo and gamma has run out as Nasdaq pukes back all of its gains...

This should not be a surprise since the last time the market ripped like yesterday on a hike day, the S&P made new lows within a week...

The dollar has erased all its losses...

And bond yields are soaring...

We're gonna need another dovish Fed speaker!!

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