Hawkish Fed Minutes Hammer Stocks, Bonds, Gold, & Oil
Zero Hedge -

Hawkish Fed Minutes Hammer Stocks, Bonds, Gold, & Oil An ugly home sales print (but record April home prices) combined with declining traffic and smaller spend data from Target threw some shade on the market early on but it was the FOMC Minutes that sparked the waterfall with their more hawkish comments. For any and all that say "yeah but they're stale, we had CPI and Retail Sales since", see the chart below which shows growth macro data disappointing since the last FOMC and...

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