The bow-tie effect

The Hound offers no opinion on whether or not this should have happened, but merely observes that, despite it raining lefty tears of sorrow, the sky did not in fact fall because a South American dictator was deposed without ceremony.

Grain markets rose, Asian equities surged, the Dow Jones, S&P 500 and Nasdaq were all up.

While there was some brief "haven-related hedging activity" boosting gold, overall risk appetite reportedly remains intact.

Perhaps not surprisingly, oil company stocks were among the upside leaders.