It all made sense earlier (to those attempting to write the narrative explaining why The Dow gapped open to 21,000) but the last couple of hours have seen an odd decoupling between the USD Index and bonds (and a recoupling of the USD Index and stocks). The question is - what happens next?
Who's right? Bonds or the dollar?
Gold is rising as the USD drops (no decoupling there)
And have stocks run their course?
Still with options buyers surging into S&P 2,600 strike calls for December, what could go wrong.