FOMC Leaves Rates Unch, Says (Bigger Than Expected) QT Taper To Start In June Tl;dr: The Fed just told the market that 'yields are too damn high'. Since the last FOMC meeting, on March 20th, gold has been the biggest outperformer (interesting along with dollar strength), while stocks, bonds, and crude (and crypto) have all been sold (with bonds and oil equally ugly) Source: Bloomberg And since March 20th, US macro data has serially disappointed Source: Bloomberg ... Read this story
