|Indices are trying to bottom. Trying is the operative word.
Yra posited a mid meeting rate cut. That conversation is coming into the mainstream.
We’ll see if that conversation will keep the Indices from imploding.
I this event were to happen I’d expect to see Gold up $100 on the news.
Spoos & Bonds would initially go vertical.
Trade the levels from one to the next.
Looking at the Italian Bonds up 200+ points, I’d be reticent to be long risk assets.
McDonalds is up on a safety.
When everybody goes bust they’ll be lined up 20 deep to buy their puke!