Stocks, Yuan, Oil Are All Tumbling As Asia Opens
No Buffett buying spree, and no Federal bailout #4 (or is it 6?)… and the result – in admittedly thin liquidity – is US equity futures, crude oil futures, and offshore yuan are all dumping as Asian markets open…
Dow futures are down over 350 points…
WTI Crude is down over 5%…
And offshore yuan is ugly…
Gold is also under pressure and the dollar rallies, with futures testing $1700…
But, Bonds are modestly bid (futures open, cash closed)…
Somebody wake up Kudlow… stat!
Tyler Durden
Sun, 05/03/2020 – 19:01
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