The market is screaming deflation fears. Take a look. Stocks are getting slammed across the board, with relative strength in healthcare, utilities, and consumer goods while anything financial or cyclical is getting killed.
Nasdaq and S&P down over 2%, oil’s down 3% and gold’s down 1.5%. Meanwhile dollar and treasury bulls are laughing.
So far, this is an exact repeat of Friday’s bloodbath, but worse. The FinViz market map is a sea of red.
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