Risk-off sell-off and fund stress
FT says the sell-off is deepening, a VIX pump is being called a top-5 ever, and a report claims more London funds are blowing out. Gold is slipping below $4,050 ahead of US jobs data.
What we know
FT says the sell-off is getting deeper. an account on X via another account on X calls it the 5th largest VIX pump in stock market history. Another account on X claims four more London funds are blowing out PMs, with LTCM-1998 comparisons (unverified). Gold fell below $4,050 on a firmer dollar with US jobs data in focus. German industrial production beat estimates (m/m).
Sources
@FT
“The sell-off gets deep”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.