The tech-heavy Nasdaq suffered its worst day in nearly four months and fell 3.5%. Other indices suffered heavy losses as well.
Meanwhile, gold fell to its lowest since July, posting new cycle lows and confirming the medium-term downtrend. Since yields are spiking, it looks like the long-term trend is over as well, and gold topped in August. A drop to 1,600 US cant be ruled out. Silver was also down notably and fell below 27 USD.
In the FX, the dollar cant catch a break, and every smaller gets sold. It appears the EURUSD pair wants to stay above the 1.20 handle for a long time.
Oil was resilient to yesterday's sell-off, and the WTI benchmark is trading above 62 USD.