Markets are in the red across the board - SP500, NASDAQ, Dow, Russell 2000 all down over 2% near session lows. This is a risk-off day for equities.
speaker1
Crude oil has massive rally above $77/barrel, weighing on consumer discretionary and other S&P sectors. All 11 S&P 500 sectors are red with only 5% of stocks positive.
speaker1
Gold down almost 5% despite being safety haven recently when hitting all-time highs last month.
speaker1
Definitely a risk-off day with VIX above 27 reflecting uncertainty. Stay safe in risk-on assets over next couple days to couple weeks.