Why is everything crashing today?
Nearly $1.3 trillion has been wiped off stocks, metals, and cryptocurrencies in just two hours.
The main reasons:
1. The U.S. CPI reaches a 4-month high, while Core CPI reaches a 3-month high.
2. The odds of an interest rate hike in October rise to 51.3%.
3. The DXY rises to an 18-month high.
3. U.S. 5-year Treasury yields reach a 19-year high.
Nearly $1.3 trillion has been wiped off stocks, metals, and cryptocurrencies in just two hours.
The main reasons:
1. The U.S. CPI reaches a 4-month high, while Core CPI reaches a 3-month high.
2. The odds of an interest rate hike in October rise to 51.3%.
3. The DXY rises to an 18-month high.
3. U.S. 5-year Treasury yields reach a 19-year high.