UPDATE: ORCL missed. $8.8bn Rev vs $9.23bn exp., 54c EPS vs 57c exp. - Stock -9% AH
With ES (the e-mini S&P futures contract) managing to pull over 40 points off overnight lows (bringing back memories of the 11/30 global bailout rampfest), we saw correlated risk assets disconnect one by one as the day proceeded. First to leave the party was FX carry (or more simply the USD) just before Europe closed. Then Gold stabilized and stopped accelerating and credit markets also went only gently
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