​Crude Crashes, Tech Tumbles; But Bonds, Bullion, & Bitcoin Bid – Tyler Durden

Crude Crashes, Tech Tumbles; But Bonds, Bullion, & Bitcoin Bid Quite a day… Headlines on Israel reportedly agreeing not to blow up energy facilities wiped a chunk of geopolitical risk premium off crude; the Empire Fed manufacturing survey crashed from multi-year highs, crushing the ‘no landing’ narrative; ASML’s dismal earnings and outlook wrecked the AI “insane demand” narrative; and LVMH poured cold water on the ‘consumer is strong’ narrative. The result of all that was bonds bid (yields lower), oil dumped, bitcoin & gold jumped along with the dollar, and growth stocks puked as value spiked. ASML puked 17%, erasing…  — Continue at ZeroHedge News : Read More