Diamonds maybe, but Biotechs aren't forever... Stocks tried valiantly to suggest everything is awesome today... but failed... From Monday's open (post Quad Witching), things are not pretty... As Biotechs bounce did not last... Leaving the S&P unable to close green YTD... And the world's largest stock index in the red post-QE3... Bonds were monkey-hammered as the dollar strengthened. 30Y yields soared 13bps off today's lows... and 30Y back to unch from the FOMC. As Bonds and Stocks recouple post-FOMC... Swissy was unceremoniously dumped in a wonderfully linear manner... As The Dollar V-Shape Recovered off early losses... Gold, copper, and silver clung to gains on the day despite the resurging dollar and oil prices hald overnight Yemen gains... Crude close up... And USO (the Oil ETF) was all over the place with some seriously broken markets... Now this is bizarre - NYSE TRF stopped reporting trades for all stocks except USO for a 15 second period: pic.twitter.com/2EKClfUOAF — Eric Scott Hunsader (@nanexllc) https://twitter.com/nanexllc/status/581173486082740224!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); For the anchors on CNBC - "Off The Lows" Is the new "Killing It" All you need to know... Charts: Bloomberg Bonus Chart: "Distraction"