Stocks, Bitcoin, & Bonds Bid As Dollar Crashes On Dovish Fed Statement

Stocks, Bitcoin, & Bonds Bid As Dollar Crashes On Dovish Fed Statement

A Fed statement that was almost unequivocally more dosvish than expected sent stocks higher (pushing The S&P and Nasdaq briefly green)…

As a reminder, Powell has now presided over 24 FOMCs and on average the S&P 500 has been -0.15% (15 out of the 24 were down days) lower on decision day.

Bond yields whipsawed but are settling lower ahead of the press conference…

ED Futs prices pushed higher suggesting a slight correction in the market’s more hawkish outlook than The Fed for 2022…

But the dollar gave the clearest signal of the market’s view…

Mess with the fiscal backing of the world’s reserve currency, and we’ll dump it.

And we’ll buy bitcoin…

Tyler Durden
Wed, 03/17/2021 – 14:26

Share DeepPol