Both USD and durable goods stay strong📈
While the durable goods print was marginally stronger than expected, the risk-off impetus was probably driven more off positioning flows, as dealers reported fast-money selling of bond futures ahead of the 5yr treasury auction just as spot Gold collapsed by 1.5% in a concurrent move, hitting 7-month lows at ~1880. USD FX also moved to fresh interim highs against most majors as the dollar strength continued unabated, while equities began their decent once again right after the NY open (SPX -1.3% from open to low).
