Bonds & Bullion Bid As Tech, Tariffs, & Troubling-Data Spark Pump'n'Dump In Stocks & The Dollar

Overnight gains on the back of strong NVDA earnings (ex-China), and a federal court blocking Trump's tariffs were quickly erased as Goldman (among others) explained why the tariff block was a nothingburger. The macro front didn't help with 'hard' data taking a hit (jobless claims worse than expected, pending home sales puked, and GDP consumption was revised significantly lower).