Cash US equity markets are open and that has prompted the now ubiquitous buying-panic in whatever has some momentum – Nasdaq in this case. The Dow is rolling lower and WTI is suddenly getting monkey-hammered…
Nasdaq has surged back above the pre-Powell-Plunge highs…
And as Nasdaq surges, WTI plunges, erasing the gains from earlier comments by the U.S. energy secretary, who ruled out the release of emergency crude reserves.
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