Fed Warning Sends Small Caps Red For 2014
November 19, 2014 at 17:45 PM EST
The word "volatile" comes to mind when reflecting on today's cross-asset class action. US equities dumped into and beyond the US open, decoupling entirely from JPY carry, only to reverse perfectly at the European close and recover all the way back to USDJPY right as the FOMC minutes hit.
