Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Gold Pops As Bitcoin Drops, Dollar Snaps Longest Win Streak Since Jan 2016

Courtesy of ZeroHedge. View original post here.

"Contained"…

Post-FOMC, Gold was the biggest gainer…

US Equities were holding to gains but tumbled in the last few minutes with the S&P turning red…

Nasdaq manged to hold gains after The Fed…

VIX was noisy around CPI early on and snapped higher into the close (breaking above the terrifying level of 10.00)…

Financials had an ugly day…

High Tax stocks underperformed Low Tax stocks again (though did ramp after headlines suggested a deal was close)…

Bonds and the Nasdaq were bid after the Fed…

The initial moved after the FOMC was 2Y yield lower and 30Y higher (a modest steepening) but as Yellen spoke so the long-end rolled over…

Overall yields fell notably on the day – with 10Y stumbling oince again at the 2016 close…

On the week, yields are all lower…

After 7 straight days higher – the longest streak since January 2016 -

WTI/RBOB sank on the day after a big gasoline build and record production…

Gold's gain today was Bitcoin's loss – its worst down day in a month…note that gold was snapped higher early on when Core CPI disappointed and seemed to catalyze the weakness in crypto…

And notably bitcoin futures tumbled to erase the spot-futs premium…


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!