Stocks, Gold, Yields Tumble After ‘Hot’ PPI

US equities are extending post-FOMC losses following a hotter-than-expected producer price print. Bond yields and bullion prices are also tumbling as the dollar holds on to its gains…

Gold and stocks are lower as bond safe-havens are bid…

US equities are quickly erasing the week’s gains…

The major indices are breaking or testing back to critical technical levels…

As the dollar extends post-Powell gains…

 

However, anxiety over the hot-flation print seems overdone as Ian Sheperdson notes – the crude collapse means this is the peak for now…

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