The markets are a little wild today and there is no specific item driving it from what we can see.
Here are a few that we are hearing
-
16th day of the shutdown and no signs of a break (chatter that it may last til Thanksgiving)
-
Lengthy Putin call
-
China-US trade tensions escalating
-
Regional bank angst
WTF is going on…
Stocks are tanking…
2Y yields are suddenly collapsing…
Gold is going vertical (up)…
And crypto is going vertical (down)…
If we had to guess, we would say this is mostly related to the funding stress finally being recognized by a broader set of market participants.
Loading recommendations…
