Surprise! June rate hike odds have tripled - but remain at just 24% for now...
Pre-Election rate hike odds now at record highs...
With the USD Index surging, Gold, stocks, and the short-end of the bond curve are fading fast...
But the 30Y is outperforming dramatically (policy error?)
Financials are rallying hopefully but traders are missing the fact that it's the spread not the level that matters and the curve is flattening...
S&P is back in negative territory for 2016 to March lows...
And The USD Index is at its highest since March...
Oil is the biggest loser for now...