PremiumBonds, Bitcoin, Bullion, & Big-Tech Battered As Black Gold & PPI Spike Rate-Hike Odds Ahead Of CPI
Tl;dr: An ugly day all around that seemed to be triggered by the hot PPI (all energy-driven) sending rate-hike odds for next week soaring. Hormuz angst and Houthi attacks piled the pressure on, smashing crude oil prices dramatically higher (diesel crack new record highs) The dollar spiked, driving gold and crypto lower. Stocks were a shitshow with Small Caps ad Big Tech leading the plunge.
Among the 100s of MSGs we get every day, this one caught our eye for its conciseness...