Stocks Go Down! Historic S&P Win-Streak Ends As US Macro Soars

Tl;dr: Stocks and bonds ended the day in the red as oil rallied amid re-escalating MidEast tensions, renewed tariff uncertainty, crude inventory drawdowns, and strong US macro. The dollar extended gains, pushing gold and bitcoin lower as MegaCap tech stumbled again.

Better than expected ADP jobs data combined with Services PMI strength and soaring factory orders sent the US Macro Surprise Index ripping to its strongest since Sept 2023...

Oil