The Fed has the markets back - as seen in the equities market.
Euro/Pound are screaming higher, because the news is better there - with that said Fed has been adding liquidity to the system but so has the ECB -$1.52 trillion in stimulus.
Bond Market is saying hey equities no so fast - and to be clear the US Bond market is bigger!
Interesting inflection point - this is the moment of truth, for US Dollar, equities, bonds and gold too.
Grab you popcorn and enjoy the show.
DXY
Commento:
Chart did not go back far enough - 2008 is the right look back period - idea updated