DXY is up and away and that’s the end of everything bear market rally:
AUD bye, bye:
Markets getting ever shorter:
Everything EM (NYSE:EEM) and commodities is junk:
The Treasury curve steepened:
Stocks puked:
The bear market rally is over. DXY is signaling a major push to save haven assets. There are tail risks in this, the most obvious of which is that Chinese capital outflow will accelerate and CNY/USD tumble. It has broken support:
Note that the last big wave of selling for stocks and the AUD coincided directly with CNY falling out of bed.
Given it is probably only halfway down I suggest that you bend over and place your head firmly between your legs.