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Schizophrenic Stocks Surge By Most In 29 Months Day After Plunging

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The S&P swung 44 points from low-to-high today as panic-buying lifted stocks vertically on the back of an utter VIXtermination (from over 18 to under 15). Nasdaq surged over 2.5% from its lows before FOMC Minutes – the biggest swing since May 2012 (and biggest daily gains in a year). 10Y Yields closed at 2.33% (2.3249% lows) – the lowest since June 2013. The TSY curve steepened dramatically post-FOMC with 5Y now -18bps on the week and 30Y -7bps. The Dollar fell for the 3rd day in a row (-1.6%) – its biggest such drop in 15 months. Initial weakness in commodities was wiped away post-FOMC leaving Silver +3.3% on the week (Gold +2.3%). Oil saw no bounce closing at April 2013 lows (WTI below $87.50). The S&P and Dow managed to get to green on the week in the last few minutes (only the S&P held it into close). So in summary: FOMC Minutes sent Stocks Up, Bonds Up, and Gold & Silver Up; VIX down, USD down, and Oil down.

Today’s epic ramp brought to you by AUDJPY…

And VIX…

The Russell 2000 rose almost 3% off its EU-close lows today…

This was Nasdaq’s biggest day in a year and biggest intraday low to close swing since May 2012…

But since the last FOMC statement, stocks remain red…

Post September FOMC: Treasuries are still the best performer, S&P is down (as is gold) and the USD is up 1.5%

On the week, it seems today’s mega ramp was all about getting the S&P green…

Bonds and stocks entirely decoupled (30Y is 10bps lower in yield than the last time stocks were here) – as The Fed (seemingly) said Buy it all…

Tresasury yields collapsed post-FOMC (and bull-steepened)

The Dollar was punched down for the 3rd day in a row… most sellinmg pressure coming in the US session…

USD weakness helped commodities (except oil)…

Charts: Bloomberg

Bonus Chart: Will USDJPY rally in the Asia session or NKY fall?


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