What triggered the market sell off yesterday and what to watch out next.
The pressure is macro:
🔻 August PPI rose 0.4% MoM and 5.4% YoY
🔻 Oil surged 6%, with Brent hitting $107
🔻 10Y Treasury yield jumped to a near 3-year high
🔻 Nasdaq saw 215 new lows vs. just 44 new highs
🔻 9 of 11 S&P 500 sectors closed lower
🔻 Total US debt above $40T
Next key trigger: CPI at 12:30 PM (UTC)
Watch rates, oil, and inflation expectations closely.
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