That was quite a day. The tech wreck continued, leading the drop in stocks. Commodities did the unthinkable and tumbled on the day but Gold and Cryptos gained as the dollar dumped into the red for the year...
Source: Bloomberg
Dallas Fed's Kaplan warned that he was "cognizant of excess risk-taking in financial markets". Maybe turn the taps off then?
ðŸ'¦ Monetary policy since March 2020.. pic.twitter.com/kPgQXol3VJ
" PiQ (@PriapusIQ) May 10, 2021
The Dow topped 35k for the first time ever but was unable to hold gains and ended its win streak at 5 days. The US cash open sparked panic-selling in Small Caps and Big-Tech and they never really looked back. All major indices were hit to the downside around 1415ET (a ...