FAST FIVE: Tech Wrecks, Ether Erupts, Commodities Crumble As Dollar Gives Up 2021 Gains
The Dow's recent dramatic outperformance pushed it above the March highs relative to Nasdaq.
Source: Bloomberg Nasdaq broke down to its 100DMA.
Source: Bloomberg IPOs continue to tumble (as Jessica Alba's Honest Co crashes).
Despite the carnage in stocks, bonds were also under pressure today (likely due to the major AMZN issue) with the long-end underperforming (30Y +4bps).
Source: Bloomberg And Bitcoin disappointing (back below 57k).