Loading ...Oil was breaking higher to maybe take on $ 70 and break the down trend and then someone smashes it for over a buck….
Somewhere in the Fed is a bottom draw with by now Trillions of dollars of risk, scattered across most of the big mkts, FX, Energy, Rates, SM and PM’s, the size must be humongous, as no way has anything ever been covered…..and they now operate 24/5..and this hit involved everyone of those mkts, with probably thousands of lots and what does it buy….just another few hours if they are lucky…..utter insanity.