Silver Surges, Crypto Purges As BoJ Hawks Battle Fed Doves

Monday (December) started with a clear risk-off tone as new developments in Japan (hawkish BoJ) and the crypto space weighed on an already fragile tape hit by AI angst and fresh Fed uncertainty. Investors also had to digest a decline in the ISM Manufacturing Index set against relatively solid Black Friday retailer sales activity (the divergence between hard and soft data is becoming extreme)...