Ok, so this comes with the usual caveat about me not being the chart wizard that some other folks are, but this is starting to look like a sh*t show from where I’m sitting in terms of the reflation narrative….
Since the Fed:
Long bond (30Y yield dropped below 3% on initial report of London terror attack):
USDJPY (dollar fell for a sixth day; USD/JPY dropped to 110.73):
Brent (-32c to end session at $50.64, below 200-day MA; price touched $49.71; first trades below $50 since November):
Small caps (the damage to this popular Trump trade was of course done yesterday):
Or, in cartoon form…
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