The Fed came out far more dovish than expected, lowering their multi-year interest rate projections, meaning that the recovery has been postponed until never. This will have the effect of further decimating Financials and the carry trade as USDJPY will likely tank, pending tonight's BOJ circle jerk. Stocks closed way off the highs of the day, as the third implosion sequence resumed with full force...
The low volatility implosion fund
Backtest, over...
Dumb beta
More dumb beta aka. "Berkshire Hathaway"
Doh! August deja vu...
The correlation between weak dollar and oil is over. Look out below...
The VVIX: VIX ratio...
JPY aka. "overnight risk"
Financials, below the 200 day...