GDP Market Reaction – NEW QE-Off Trade (For Now)

from Zero Hedge

From the swings and lows of historical revisions to beats across the board of GDP data this morning, it seems the market’s pre-occupation with NEW QE is now being faded (modestly for now). Treasuries are 4-5bps higher in yield, S&P 500 futures down around 5pts, Gold down $10, and the USD up modestly. For now, it’s QE-off, though no-one seems convinced as EURUSD falls – which fits better with the Fed won’t print but ECB will perspective.

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