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Renewed Peace-Deal Optimism Sparks Oil, Dollar, & Bond Yield Plunge; Gold & Stocks Soar

Tyler Durden's Photo
by Tyler Durden
Authored...

Tl;dr: Forgive our cynicism, but we have seen this kind of messaging before - regarding 'finishing touches' to a peace deal being imminent - but this time the market really bit, sending crude prices tumbling bigly. That triggered a plunge in bond yields (and the dollar) and bid for stocks, gold and crypto. Hawkish FOMC Mins had little to no impact.

Grok's artist impression of the market's reaction to today's comments...

Oil