>>21248046Every asset class dumped today because there was a flight to liquidity (dollars).
Gold
Stocks
Bonds
Everything
It is a form of irrational selling that typically occurs right as a rate cut cycle/or possible recession starts. It happened in 2000, 2008, and briefly in 2020.
I like to call it the "schizo sell", as in no way should all three assets perfectly mimic each other normally.
Bonds will stabilize soon and resume climbing. The extreme high volume pump and extreme low volume dump today are also indicative over this. Let's see what happens the rest of the week, but if today is the floor then we're going to start to grind upwards.
