australian green shoots

Risk is bid on headlines that the Reserve Bank of Australia unexpectedly raised rates 25 bps to 3.25%.

Carry traders unite!

Stocks, Commodities Climb as Australia Raises Interest Rates

(re)allocation

The bid for risk assets has seemingly stalled as we begin the fourth quarter.



Taking a step back from today's sell-off, this may turn out to be another pause in the fastest recovery rally since the great depression.

The bears observe rates breaking lower and the possible bottoming out of DXY.

The bulls will just point to what has been working all year; long the QE uptrend in SPX, credit, and beta.