It looks like the rally has ended, at least for a while. Bonds are back in vogue, with the German 2yr at record lows — approaching -1%. Gold is, once again, a safe haven. It’s up 0.5% in the pre market.
Over in Europe, stocks are being bludgeoned, led lower by actual Nazis — off by 1.75%.
The sell off is broad based, maybe hitting the banks a little more than commodities.
Crude is off by 0.8%; but base metals are higher.
US futures are down around 90 for the Dow and 25 for the Nasdaq.
Happy Friday.
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Probably setting up for a nice 5% correction.
This will get Showtime all fired up.. extra gin.