Web Toolbar by Wibiya
Login | Sign Up AnonymousUser
twiter
New to Comunitee?


or Sign Up with Email

Business

>> COMMODITIES Latest News

JUN 24, 2013 - Zero Hedge

A Must Read - Share

Stocks Tumble And Bonds Grumble Despite Dovish Hawks

The 100-day moving average (100DMA) and VWAP (as usual) appeared to be the key pivots today as equity markets plunged lower on the open after drifting lower overnight as the liquidity-suck-out circles the global market's drain. At their worst, the S&P 500 was 7.5% off its recent highs but the Fed hawks came out in full dovish mode and provided just enough headline-fodder to slam VIX lower (as it appeared to over-react to the upside at the open) and drag the S&P back above its 100DMA. Some (prematurely) proclaimed the day a victory for the bulls as we didn't close at the lows but the ... Read More

Tags: Stocks Tumble And Bonds Grumble Despite Dovish Hawks,  Commodities Latest News