Stocks Tank After Weak Manufacturing Data, Dollar & Bond Yields Spike

Well that escalated quickly. All that anticipation of hopeful new money gone shortly after the cash equity open as US Manufactruing PMI hit a 12 month low…

The Dow, S&P and Nasdaq are all back in the red while Small Caps oscillated wildly…

The long-bond spiked to Friday’s high-stops and reversed…

The dollar is spiking…

And as the dollar rallied, gold puked back down towards $1800…

Will 2022 start with a red day for a change?