Wednesday, December 12, 2012

Fed Pushing on a String- Spot the Odd Man Out

This comes via Zerohedge. Really backs up the claim that the Fed is pushing on a string with monetary policy at this point. More chart porn here....

A funny thing happened today. For the first time, the equity and bond market closed red (and VIX green) on a Federal Reserve QE-announcement day. Gold outperformed stocks and Treasuries underperformed everything...

The S&P 500 futures contract has never closed red on the day of a QE announcement before...


VIX closed higher for the first time ever on a QE announcement day...


10Y Treasury Yields rose for the first ime ever on a QE announcement day...


From the FOMC announcement, Gold and Silver closed green but stocks, bonds, oil, financials, and apple all lost ground (as did the USD very modestly)...


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