Posted by on October 12, 2016 8:04 pm
Tags: ,
Categories: Crude Economy OPEC

Job Openings plunge, Fed admits its credibility is on the line, Crude crumbles…

Stocks managed to hold gains on the day..

Even as VIX rose…

Risk Parity pressure continues…

Despite bonds and bullion best post-Minutes…

Treasuries reversed early losses to end the day marginally higher in yields (10Y worst +1bps)… Bonds have traded in a very narrow range for 2 days…

While bonds held their post-Minutes gains, the USD bounced back…

The USD Index kept on pushing higher… (the 7th up day in the last 8)

Sterling faded back a lot of the kneejerk Brexit debate gains as UK Gilt yields spiked higher still…

To over 7-month highs… (the USD is up 3.6% YoY now  – the biggest annual rise since January)

Disappointment from OPEC (and NOPEC) sent crude lower (ahead of tonight’s API data) but USD strength had less effect on PMs today…

Charts: Bloomberg

The article, "Stocks Steady After Fed Despite JOLTS Slump, Crude Dump, VIX Jump", was syndicated from and first appeared at: http://feedproxy.google.com/~r/zerohedge/feed/~3/k2OZ-xXEDsk/stocks-steady-after-fed-despite-jolts-slump-crude-dump-vix-jump.

You may find more great articles by Tyler Durden on http://www.zerohedge.com/fullrss2.xml/sites/default/files/images/user5/imageroot/draghi/CBO%20August%201.png/%2A%7CFORWARD%7C%2A.

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