China surprises with its first interest rate cut in two years. Europe lifts as Mario Draghi vows again to put the pedal to the metal. The cross currents are multilayered and (in some cases) counter-intuitive:
The $USD soars +0.6%. The Euro plunges -1%. Regardless, both crude and gold spike +1.7% (presumably on expectations for higher demand as stimulus kicks in). DJIA +150. EEM +2%. XLE +1.7%. Miners +3%. Bonds marginally higher.
Had I held all positions into Friday, my gains would have doubled. But that's water under the bridge.