DXY eased overnight:
![](https://api.macrobusiness.com.au/wp-content/uploads/2024/05/1-27.png)
AUD sagged
![](https://api.macrobusiness.com.au/wp-content/uploads/2024/05/2-10.png)
North Asia did not help:
![](https://api.macrobusiness.com.au/wp-content/uploads/2024/05/3-7.png)
Oil and gold are cooked for now:
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![](https://api.macrobusiness.com.au/wp-content/uploads/2024/05/4-scaled.jpg)
Wall Street loves a metals squeeze:
EM wants ups:
![](https://api.macrobusiness.com.au/wp-content/uploads/2024/05/9-5.png)
But junk is unsure:
![](https://api.macrobusiness.com.au/wp-content/uploads/2024/05/unnamed-file.png)
Yield fell:
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![](https://api.macrobusiness.com.au/wp-content/uploads/2024/05/10-4.png)
Stocks froze:
![](https://api.macrobusiness.com.au/wp-content/uploads/2024/05/11-3.png)
And maybe that’s why the so called “no landing” is only a slightly delayed “hard landing”:
![](https://api.macrobusiness.com.au/wp-content/uploads/2024/05/sdf.png)
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These markets eat investors for breakfast.