DXY continues its march.
AUD is approaching free-fall as North Asia rolls.
Debasement and Trump wars are apparently the same trade.
AI metals meltdown.
Big miners have formed the OMG pattern.
EM is still holding on.
Probably because this is not a credit event. Not public, anyway. Private may be another matter.
Yields are tumbling with the bear flattening in control.
Stocks have a long way to fall if they want to reconnect with other assets.
Micron earnings saved the day after hours, but I’m still not convinced.
Kevin Warsh is being tested, and he will have to show his dovish wings before this is done.
It increasingly looks like the USD debasement trade was the Trump madman trade.
AUD strength needs a new war. Cuba anyone?
Otherwise, AUD is going down the Warsh gurgler until he’s sucked down into it himself.
