Jensen Job Loss Jolts Big-Tech; Bitcoin, Bonds, & Bullion Battered But Brent Bid

Tl;dr: Sell the rumor, buy the news... as Jensen Huang's ignominious exit from NVDA was met with a wave of retail dip-buyers dragging stocks into the green, but the selling returned leaving stocks red on the day (RTY & NeoClouds ugly, Semis o/p). The initial bounce in stocks (combined with a surge in oil prices - Trump) triggered selling in bonds (ugly 30Y auction didn't help) and rate-hike odds jumped. Bitcoin and gold were really dumped (liquidation-y) as the dollar extended its recent gains. As one trader said "today was everything bad, everywhere, all at once..."

Quite a divergence since Tuesday's close with stocks decoupling to the upside (with bonds closed yesterday) and then extending their gains today (as bond yields and brent crude rose). The retail dip-buyers ran out of short-squeeze ammo and the afternoon saw stocks fade (but remain in their own world from bonds and crude)...