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Gold, Stocks, Bonds, & Bitcoin All Higher After Fed, SNB Panic
The market is not yet convinced by this weekend's actions, but it's getting there as Michael Hartnett notes: "The market stops panicking when central banks start panicking" Equity futures are higher, but are fading back... chart Treasury futures opened down in price but have ripped back into the green... chart Gold is holding on to late Friday's gains... chart And Bitcoin has surged back above $28,000... chart It sure is a land of confusion for now. But of course the two biggest things to watch are UBS CDS (which is quoted higher in very quiet early trading)... chart And the pain felt when all of Credit ... (full story)