“It’s A Bloodbath” – Markets Everywhere Reverse All FOMC Moves
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!!
