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Fed 'Downgrade' Sends Stocks To Largest Quarterly Comeback...Ever

It's easy...

 

But, before we start, some context for just how different it is this time... if The Dow is able to hold this gain through the end of the quarter, it will be the largest quarterly comeback in the history of stocks...

 

And all it took was the four largest central banks in the world coordinating on easing.

 

"Off The Lows"...From the oddly coincidental day when The BoJ intervened to juice USDJPy off the lows and Jamie Dimon piled in...

 

Ramping The Dow (and The S&P briefly) green for 2016

 

VIX was slammed in an effort to keep S&P above 2043.94...but failed...

 

Futures show the excitment of buying dips best...

 

Trannies are up over 4% post-Fed (but Nasdaq is lagging)...

 

Same old Same old... "Most Shorted" stocks are up almost 4% from The Fed...

 

Oh and Ackman's week just got worse...

 

Bonds and FX Carry seem less excited about the panic-buying...

 

Yields are down across the entire Treasury Complex...

 

The USD was smashed against everything... (stabilizing after Europe closed)

 

The USD Index continues to clubbed like a baby seal...back to pre-QE End, QQE2 Start levels...

 

USD weakness sparked commodity strength - though note that gold underperformed...

 

Silver leads the way post-Fed...

 

Charts: Bloomberg

Bonus Chart: Are You Fecking kidding me?