US equities are significantly lower, lead by the Nasdaq. USD is +0.2%, having printed 100.02. Things would turn monstrously interesting if >104s.
sp’60min
VIX’60min
Summary
Bears look to have control into early Tuesday, when the CPI data should offer the excuse for <sp’4400… to around 4350. That’ll give the mainstream cheerleaders a much deserved scare.
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notable bond proxy: TNX
A new cycle high. Big target is psy 3.00%
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notable bond ETF: TLT, weekly
Lower bonds as yields break new multi-year highs.
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notable strength: UAL
Airlines higher… as oil/fuel are lower. The stock/sector remain m/t bearish.
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notable miner: LAC
S/t broken… as the main market isn’t helping.
Time to check on the cheerleaders, if only to mute them…