"What A F**king Day!": Tech Wrecks, Crypto Crashes, Bullion & Bonds Bounce
TL:dr: Equities were dumped led by a crash in Tech (led by software stocks) alongside private credit (heavily exposed to software). Small Caps outperformed. Momo ripped higher (correlated to PMs). USTs rallied in the US session to close lower in yield (Bunds ugly). Crypto was even worse, tracking tech lower (but a late-day surge rescued ETH). Oil was up a little on Iran tensions. Copper rallied (on China stockpiling HLs). Precious metals soared (as the big banks are still buyers)... and amid all that the dollar was modestly sold.
