Dow Jones, bleeding 1.20% to 52,236, ain't pretty. Oil spikes 4.34% to 103.79. Real trouble for risk assets out there.
Nasdaq barely blinking at -0.03% (28,949). So, tech's holding, but value stocks and energy sectors take hits. Gold's down 1.17% to 4,013. This ain't just a "safety" rush – rate shocks or supply scare at play.
Reading this, S&P at 7,625 (-0.51%) is getting squeezed. Watch that oil staying above 104. If it does, inflation fears rise, and the Fed has less to cut. Focus on US 10Y yields. Banks moving to cash? Crypto takes a dive. No touching the equity dip until Dow finds its footing.
Stay
#Macro aware,
#TradFi folks, and eye that #OilSurge.