Location : Wabbit Hole
Job/hobbies : Cayman Islands Actuary
|Subject: Rate Hike Hammers Dollar; Stocks, Bonds, & Bullion Soar Wed Mar 15, 2017 8:32 pm|| |
|Before we start, we want to point out that if the Atlanta Fed GDPNOW forecast of 0.9% for Q1 is correct, this will be the weakest economic backdrop for the economy for a rate hike since 1980!! (according to Bloomberg data). |
The reaction post-Fed was dramatic to say the least - the Dollar dumped and bonds, stocks, and bullion jumped higher in price...
VIX flash-crashed as The Fed statement hit...
The Dollar plunged to 6 week lows...this is the biggest daily drop in the Bloomberg dollar index since July 29th...
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