Rocks everything actually. The AUD moonshot on jobs before Big Bill Evan’s interest rate cut call shot it down:
XJO reversed 70 points:
Big Iron is mostly up:
Big Gas still doesn’t care about Labor:
Big Gold is surprisingly weak:
Big Banks are riding the bazooka. I’m not a believer in this bond proxy rally for much longer:
Big Realty is up a little as well:
Remarkable moves for one interest forecast change. Bill Evans is by far the best in the market (outside of yours truly). But the magnitude of today’s moves tells us as well just how bad everyone else is.