TACO Thursday Trumps Hot-flation & ECB Hike, Sending Stocks & Bonds Soaring Ahead Of SPCX Launch
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Tl;dr: Traders dealt with Trump's rhetoric intraday-flipping from 'blowing the shit out of Iran' to a 'no strikes, deal pretty much wrapped up' sparking a plunge in oil (ignoring denials), spike in stocks, and big drop in yields (shrugging off hot headline PPI and ECB rate-hikes). Gold and bitcoin rallied as the dollar dropped.
What a day...
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