Premium'Doves' Drive Oil & Rate-Hike Odds Down; Dollar & Gold Bid Ahead Of Macro/Micro Maelstrom
Tl;dr: While yesterday saw the trilemma of bonds/stocks/oil following each other tick for tick as headline roulette broke a few traders' minds; today saw 'numbness' with selling pressure in stocks (month-end but Nasdaq outperformed on AI-SI tech news on Trump meet), bonds (long-end on supply, curve steeper, FedSpeak cut rate-hike odds), and oil (Qatar said 'talks', everyone ignore everything else). The dollar extended its rebound, gold managed gains and bitcoin was unch.
Dovish FedSpeak (Williams), dovish WarSpeak (Qatar 'talks' and flows), dovish TechTalk (Trump/SI-AI CEOs) saved the day...