Quite a night, eh, folks? I honestly can’t remember anything like this since the financial crisis, and even then, I think last night was wilder. I actually kept semi-dreaming that the ES had turned green. It, umm, hasn’t.
My pack of dogs wants their walk, but before I do that, I’ll share a few charts with, as a bonus, Yellen Body Parts ™ as a supplement. First, here is the ES, which had been locked limit down at one point, but now, as the folks at CNBC might say, is “off the lows”. It’s astonishing to me that just after the close yesterday, it was at the highest levels in human history.
In sharp contrast, gold has been telling the central bankers precisely what to do with themselves……and we have Janet’s dazzling eyes and darling twisted nose to augment our graph:
And, most shocking of all, the British Pound, which has been getting fire-bombed Dresden-style.
