The bond market just tightened 50bps in the sell off.
The money markets are tightened to wipe out the coming 25bpc cut
And will tighten much more as a HUGE $600bn of liquidity is drained.
The dollar is rising again, tightening conditions.
The US and China are engaged in economic warfare which equates to more tightening
There are increasing tariffs on the EU too.
Brexit.
Ford got downgraded to junk, risking the start of the Doom Loop.
And then we are going into seasonal pension fund selling for Baby Boomers (RMD).
It’s probably nothing, right? Q4 should be a breeze..