US equities have regained their early losses of nearly 1% while commodities are have cut their losses by 2/3rds (as measured by the CRB).
While US yields remain firm, the market has apparently gotten itself long of dollars intraday and now looks to be in the process of trying to get them back.
Markets are very thin, making the task of short covering even tougher than normal…Don’t say you weren’t warned.
