Markets are in turmoil with the SPX >-1% for the first time in Two Months.
Dismal week for economic data with a end of week rate hike odd spike.
US financials, SPX, HY, and WTI plummet with UST Yields spiking generating a global bond sell off.
Here is a higher timeframe view of the mess heading into a weekend.
Historical Volatility jumps to multi-month high SPX -108bps on session nearing 11am hour.
Post Drag’s unchanged polices prior session send the DXY +120bps. (strong dollar woes)
Dollar appreciation as global currencies plummet.
Global Bond selloff across the board in EU, Japan, and US. Gold under-pressure with strengthening dollar.