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 Shepherdson notes – the crude collapse means this is the peak for now…
The next big, sustained move in core PPI inflation will be to the downside. pic.twitter.com/4FRsDvmIda
— Ian Shepherdson (@IanShepherdson) November 9, 2018
