​Delayed Gratification: Post-Powell Plunge Prompts Face-Ripping Rick-On Rally – Tyler Durden

Delayed Gratification: Post-Powell Plunge Prompts Face-Ripping Rick-On Rally Yesterday’s pump-and-dumps across most major asset-classes was met with a wall of BTFDing in Asia, Europe, and then the US which lifted stocks, gold, oil, and crypto prices (and bonds yields) in a delayed gratification day. In fact, this is first time that yields rise after a 50bps cut since Lehman (Oct 2008). It was ‘Risk On’ in equity-land, post the 50bps cut and the start of the easing cycle with Tech leading to the upside. Broad-based rally with >375 names up on the day in the S&P. Nasdaq and Small Caps…  — Continue at ZeroHedge News : Read More