Traders Buy Stocks, Dump Bonds & Bullion As War Rhetoric Rises
Makes perfect sense.
Saudis agree with US that "Iran did it", the US president says the military is "locked and loaded" and what do markets do - bid stocks, buy USDollar, and dump safe-havens like bonds and gold...
The dollar is soaring...
Source: Bloomberg
And the machines ramped the S&P back above 3,000 to confirm everything is awesome...
Markets have become entirely unglued from reality....
Tyler Durden Mon, 09/16/2019 - 10:17
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