Premium'Peace' Prompts Panic-Selling In Gold, Oil, & Crypto; Yield-Curve Re-Inverts
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Despite dozens more dead on both sides today, the emergence of a potential "peace deal" between Israel and Lebanon prompted the biggest action of the day across markets - sending crude prices lower (along with bitcoin and gold). Bond yields tumbled, the yield curve re-inverted, and (some) stocks rallied...
Small Caps were the best performer on the day amid another yuuge short-squeeze (from the Sunday futures open). Nasdaq was the laggard, oscillating around unchanged for most of the afternoon. The Dow ended up around 1%...
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