“Total F**king Carnage” — Global Liquidation Accelerates Despite Massive Monetary Intervention

• “Total F**king Carnage” – Global Liquidation Accelerates Despite Massive Monetary Intervention
  by Tyler Durden, https://www.zerohedge.com/
  The Fed unleashed a massive QE5/rate-cut/swap-line splooge overnight…
  And here’s what The Fed hoped it would achieve…
  Here’s what the market thought of it…
  As one veteran trader exclaimed in FULL CAPS over text: “it’s total f**king global carnage” as wherever you look today there is blood in the streets. For example:
  • STOXX EUROPE 600 ENDS DOWN 4.9%, LOWEST CLOSE SINCE MID-2013
  • SOUTH AFRICA’S FTSE/JSE INDEX FALLS AS MUCH AS 12.2%, MOST EVER
  • MUNI BONDS EXTEND WORST ROUT SINCE 1987
  • COPPER SLUMPS AS MUCH AS 5.2% AMID WEAKENING RISK APPETITE
  • BRENT CRUDE OIL PLUNGES BELOW $30 FOR FIRST TIME SINCE 2016
  • SILVER PLUNGES TO 2011 LOWS
  • U.S. WHOLESALE GASOLINE PRICES PLUNGE 21%
  • HYG WORST DROP SINCE 2008
  • LQD WORST DROP SINCE 2008
    –
    read more.

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