Market Outlook
Stocks, Bond Yields Puke; Oil Explodes Higher After NATO ‘Emergency Meeting’ Headlines
Global stocks and bond yields were already getting hammered but when AFP reported that NATO foreign ministers will hold emergency meeting over Ukraine on Friday, it sparked another leg lower…
US Equities have erased yesterday’s late-day ramp-fest…
And Treasury yields are collapsing (10Y -18bps from inatrday highs)…
..to their lowest since the start of January…
As are most of Europe’s sovereign yields.
Gold is bid…
And all of this as oil explodes higher, with WTI topping $105…
This will not end well…
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