Gold is up, stocks are dead, vol is dead, bonds are flat, mcro data is disappointing, and Trump is rattling sabres...
Small Caps and Trannies remain red post-Fed, Dow, Nasdaq and S&P are barely green...
Gold is the biggest gainer post-Fed...
It has now been 78 days (Oct 11th) since the S&P 500 fell 1%...
The Dow traded in a range less than 100points today
Realized Volatility collapsed to a 10-year low...
Small Caps briefly dropped into the red year-to-date...
Facepalm...
Banks are now in the red for 2017...
Treasury yields were mixed again, after yesterday's smallest Fed-Day range in 4 years)...
With the long-end underperforming modestly...NOTE - this narrow rangeless trading has occurred amid massive high-quality bond issuance.
But notably, only Swiss bonds remain negative yielding in the 10Y segment of the sovereign bond curve...
The dollar index rebounded intraday but ended lower once again...
Cable tumbled (Article 50 vote and BoE)...
As The Dollar Index has collapsed in the last months, so Bitcoin has taken off - topping $1000 again...
Gold continued to gain (best ofthe commds on the week) though as the USD bounced late on, so PMs leaked lower... (NOTE Gold is the only commodity higher post-Fed +0.9%)
And we note that Gold/Silver appears to be set for a surge...
Notably interest in gold calls have soared in recent weeks...