TLDR on why the market is dipping:
US data came in hot, causing a bond yield spike.
ISM index higher than expected
JOLTS job openings increased
We're in the "good data is bad data" phase of the market for risk assets ahead of FOMC in 2 weeks
US data came in hot, causing a bond yield spike.
ISM index higher than expected
JOLTS job openings increased
We're in the "good data is bad data" phase of the market for risk assets ahead of FOMC in 2 weeks