USO is getting squeezed pretty bad by the rise in the $USD.

When Bernie was an ultra-dove in his statement, the market was hog wild, now that he is talking about reducing QE over the next few meetings (possibly), things are  changing. I think the minutes could be VERY damaging.

A statement is one thing, answering questions is another, what was said in the minutes is another totally, each has increasing credibility.

The $USD reversal.

That's  a HUGE reversal, FX markets are taking Bernie's testimony much differently than equities, I'm going to check Credit.