AI/Tech Wrecks As Crude Carnage & Macro Malaise Sparks Bond Bid, Gold Gains

Tl;dr: Disappointing macro combined with a collapse in crude prices (biggest drop in 5 months) provided support for bonds (offset a little by AI supply fears - ORCL/META - which smacked credit spreads wider). Relief rally hopes faded fast in stocks with tech leading both ways (NDX back at Friday's lows/200DMA, DOW outperformed). Lower yields and rate-hike expectations dragged the dollar lower, pushing gold back up towards $4000. Bitcoin gave up the weekend's gains as tech tumbled ahead of AAPL & Midterms.

Let's start with the quiet part first - some uglier than expected macro data...