Stocks, Bonds, & Bitcoin Slammed After Surging CPI; Dollar, Rate-Hike Expectations Spike

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Stocks, Bonds, & Bitcoin Slammed After Surging CPI; Dollar, Rate-Hike Expectations Spike

The dollar spiked after the much hotter than expected CPI print…

Source: Bloomberg

Stocks were slammed…

…and bond yields rose…

Source: Bloomberg

Bitcoin is also getting hit…

Source: Bloomberg

And finally, gold was hit on the print (as dollar spiked) but rapidly ripped back higher, then was puked back to the lows of the day…

As rate-hike expectations jumped back to price in 1 rate-hike by the end of 2022…

Source: Bloomberg

Will The Fed ignore all of this?

Tyler Durden
Tue, 07/13/2021 – 08:54 Read full article at Zero Hedge

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