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Bonds Battered, Dollar Spikes As Stocks Suddenly Give Up Post-Fed Gains

Update: It appears the algos read the hawkish-er comments finally…

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As we detailed earlier, stocks, gold, and bonds are bid and the dollar is dumping as the market’s dovish reaction signals the Fed’s Minutes were not as hawkish as traders expected.

The Dollar is the biggest mover for now…

 

With Gold jumping…

The long-end of the bond curve is modestly bid…

 

And stocks are up…

As market-implied expectations for the number of rate-hikes in 2018 slipped very modestly after the Minutes.

Source: zerohedge.com