Paris, Powell, & Piss-Poor PMI Prompt Bid For Bonds, Bullion, Bitcoin, & Big-Tech

The fall of Barnier's government in Paris today sent the euro down from early highs. Powell and his pals at The Fed came across far more hawkish than the FedSpeak has been recently (and the Beige Book's optimism didn't help the doves' case). And finally, a big miss for Services PMI (along with higher prices paid) did nothing for the goldilocks scenario so many are sticking to into this year-end seasonally-favorable, liquidity-driven melt-up.

More FedSpeak today - but a different tone to the last few days...