DXY went bang!
AUD was smashed:
Led by North Asia:
Oil held up. Old gold would normally crash right about now:
Commods hit turb:
Miners were hit:
EM cowered:
Junk signalled risk off:
As yields jackknifed:
Stocks fell but look at risk of more:
US inflation came in hot at 0.4% month on month and 3.5% year on year:
Core is ALL services, which is pretty odd given wage growth is still pulling back. It is still mostly housing-related, as OER refuses to match falling private rental indexes:
The second blow was energy:
The housing inflation pulse should still come off a lot more:
Energy is my concern, as oil pushes reflation through the system before it has reset.
The Fed is stuck for now and AUD has a heavy lid on it.