PremiumBetter Data & Energy Angst Spark Bond Bloodbath; Dollar Jumps, Stocks Dump
TL;dr: Risk books everywhere suffered a VaR shock today as Treasury yields exploded higher (growth surprise in PMIs), rate-hike odds spiked (energy/Fed hawk), and the energy complex oscillated quite notably below the surface (diesel export bans and physical tightness). Surging yields dragged the dollar higher, breaking gold and crypto lower as stocks started to notice the move in Treasuries... breadth worsening.
