Its All One Trade! Wednesday’s Mayhem Shows 4 Asset Classes Tightly Intertwined

(Before It's News)

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

davidstockmanscontracorner.com / By Luke Kawa at Bloomberg / February 5, 2016

Wednesday was “a complete and utter mess” in markets, according to Bespoke Investment Group. What were some of the wild moves?

Oil rallied on what at first blush would seem to be price-negative news (another massive build in inventories), with front-month West Texas Intermediate futures contracts spiking 10 percent. The U.S. dollar suffered its worst day in seven years, while the S&P 500 had two intraday swings of more than 2 percent.

And perhaps most curiously, the yield curve just couldn’t decide what shape to take, flipping from bear flattener (yields up, with the biggest rise at the front end), to bear steepener, to bull flattener, to bull steepener (yields down, dropping by more at the front end).

Bespoke chronicled the multi-asset mayhem in a chart:

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The post Its All One Trade! Wednesday’s Mayhem Shows 4 Asset Classes Tightly Intertwined appeared first on Silver For The People.

Thanks to BrotherJohnF

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