Hawks Circle As Soaring CPI Lifts The Dollar, Hammers Everything Else... AI Credit Cracks Wide-Open

Tl;dr: A 'triple whammy' of higher oil prices (more ships attacked), higher inflation (core CPI hot), and higher AI credit risk (CRWV crushed) sparked selling across everything with Treasury yields/rate-hikes soaring (before tumbling back to unch amid AI angst/risk-off), stocks slammed (NDX/tech worst along with RTY/rate-sensitives), and gold and crypto puked as the dollar broke out of its 18-month range...

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