Markets bleeding across the board - equities, gold, and crypto all dumping simultaneously. This correlation breakdown is wild because these assets typically move inversely during risk-off events. Gold should be catching safe-haven flows, but it's tanking alongside risk assets.
The real question: if money's rotating out of everything, where's it parking? Treasury yields spiking suggests flight to short-term bills. Could also be massive deleveraging - forced liquidations across correlated positions as margin calls cascade through the system.
Another angle: dollar strength crushing all dollar-denominated assets. When DXY rips, everything else bleeds. Fed policy still restrictive, real rates positive - classic liquidity drain setup.
This synchronized dump usually precedes either a violent bounce or deeper capitulation. Watch funding rates and open interest for clues on whether this is overleveraged longs getting wrecked or genuine risk-off rotation.
The real question: if money's rotating out of everything, where's it parking? Treasury yields spiking suggests flight to short-term bills. Could also be massive deleveraging - forced liquidations across correlated positions as margin calls cascade through the system.
Another angle: dollar strength crushing all dollar-denominated assets. When DXY rips, everything else bleeds. Fed policy still restrictive, real rates positive - classic liquidity drain setup.
This synchronized dump usually precedes either a violent bounce or deeper capitulation. Watch funding rates and open interest for clues on whether this is overleveraged longs getting wrecked or genuine risk-off rotation.