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Bullion, Bonds And Crypto Jump, Banks, Brent And Tech Dump Whipsawed By Brutal Market Rotation

Tyler Durden's Photo
by Tyler Durden
Authored...

In many ways today's action was an extension of yesterday's rotating roller coaster. 

While yesterday attention was focused on Iran and European tensions amid the raging geopolitical chaos, today attention turned to Greenland, as negotiations between the US and Denmark/Greenland kicked off officially, while Iran loomed in the periphery, with everyone expecting Trump to launch an attack, when late in the afternoon Trump appeared to de-escalation tensions a bit when he said that he had been "assured that Iran would stop killing protesters." Markets immediately took that as a signal he could hold off on a threatened military response to the repression of widespread demonstrations in the nation, which in turn sent oil plunging red on the day after earlier hitting a 3 month high...