Market Turmoil: 10amET Sparks Sudden Reversal

The USD seemed to get a sudden flush at 10am, which sparked bond (10Y -3bps), stock (S&P +5pts), and gold buying (up over $15).... no catalyst as far as we can see other than UMich inflation expectations plunging...

 

Did some algo forget POMO has finished?

 

only catalyst we can see is inflation expectations collapsed...

 

Charts: bloomberg