EUR CL ES NQ YM etc. all jumped at once. Don’t see any news. Either somebody knows something, or else someone is putting on the squeeze play.
Correlation is running so high, everything is just jumping or dumping together. Risk-on/Inflation trade, or Risk-off/deflation trade.
What I like to see is reaction after a pop. So far EUR is fading the move, while US index futures are pushing higher toward green. Animal spirits are running high.
13:58 TOPNX Market spikes to mid-day highs alongside pop in euro… Dow -25, SPX -2, Nasdaq Comp -14
Euro is now -0.002 at $1.3766… A few headlines crossing wires, but nothing that would account for such a move.