Stocks Puke - Erase All Post-FOMC Gains
After yesterday's biggest gain on a Fed rate-hike day since 1978...
It appears short-squeeze ammo and gamma has run out as Nasdaq pukes back all of its gains...
This should not be a surprise since the last time the market ripped like yesterday on a hike day, the S&P made new lows within a week...
The dollar has erased all its losses...
And bond yields are soaring...
We're gonna need another dovish Fed speaker!!...
Tyler Durden Thu, 05/05/2022 - 10:06