MegaCaps Dump Into Earnings, Bullion & Bond Yields Jump As Oil Puts July Rate-Hike Back On Table
Tl;dr: An 11th straight day of MidEast attacks pushed crude to six-week highs, dragged Treasury yields higher, and the curve flatter as a July rate-hike is now back on the table. Another choppy day in stocks with MegaCap tech sliding and yesterday's short-squeeze gains evaporating as 0-DTE traders sold into GOOGL/TSLA. Gold gained with the dollar flat and bitcoin lower.
'Mixed' is an apt way to describe today's cross-asset moves...
