Another pain day across all asset classes, leaving traders willing for the closing bell:
yields continue to meltdown in front of our eyes, potentially leading to a further emergency rate cut next week.
Gold gave up $40 within 10 minutes (an aggressive bout of liquidation against equities and bullish exhaustion). Crude knocked out of the Park, (with the ball yet to be found) showing down 8.82% at the time of writing as OPEC+ fail to reach agreement on deeper production cuts.
The base saw some reasonable forward buying on Ali, zinc was smacked back into its downtrend, with CTA selling prevalent, and copper has been one of the better performers by bouncing off 5590.