Good morning!
After Tuesdays stock hit and metals leap it now looks like Wednesday is "over the hump" day w/ asset prices too. Futures trades have calmed yesterday's jolts and are now seeing stock indexes a bit up and metals a tad off. That's probably going to be hard on the 'drama' crowd, over at Major Markets Close Sharply Lower, Dow Industrials Drop 272 Points (h/t to Aliska) --we had the required dose of "America's collapse" but seriously yesterday's stock dip had a bottom that was not as low as last Thursday's bottom.
Maybe Lurk's "Verbal Easing" (FORGET QE: The Next Move From The Fed Is Going To Be 'VE') shows just how touchy we've all gotten, but imho we really should be at a turning point...
Well looks like the Verbal Easing from the FED minutes is working for now.