Zero Hedge
0
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

Draghi Delivers Moar Promises - Stocks Jump As EUR, German Yields Dump

Surprise! A central banker promises moar of the same... and once again the goldfish-like-memory of market particpants forgets that this has all been priced in a thousand times and buys his bullshit. EUR dumped 150 pips to a 1.11 handle, 2Y German notes tumbled 6bps to -32bps, European and US stocks are surging (as USDJPY rises) and US Treasuries have reversed early gains amid equity gains.

Close up...

 

And in context...

 

Charts: Bloomberg