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Spike in DXY, VIX, and 10 Year Bond Yields

The Fed’s recent comments are leading to a pessimistic outlook for a Fed pivot in July or September. The U.S. Dollar Index (DXY), VIX and 10 year bond yields all spiked today. These three charts have an inverse correlation with stocks, bonds, crypto, and commodities. So it will be important to monitor whether the spike for DXY, VIX, and 10 year bond yields start to cool off. There is GDP data for Q1 2024 tomorrow, as well as April PCE inflation and Chicago PMI data on Friday. These results will have a large impact on the markets as we approach the monthly candle close.

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