Premium'Waiting For Jensen': Low Energy Day Sees Stocks, Bonds, & Gold Dip After Hot-flation & Russian Escalation
Tl;dr: Hotter than expected PCE (by a smidge) and Russian escalation combined to lift oil prices, the dollar, rate-hike odds, and bond yields as equity markets sat on their hands (low range of the year) ahead of NVDA earnings tonight. Gold and bitcoin dropped as AI recovered Monday's losses.
