Indices broaden their losses as bond yields ask harder questions, with NASDAQ tech sectors feeling the pinch from rising borrowing costs (especially those that finance buybacks), especially as the index is devoid of financials. Bitcoin posted its habitual 30% decline off the highs, testing the key 21-DMA. No coincidence that BOTH Tesla & Bitcoin are 30% off their highs. Or is it? CFTC FX positioning remains in a frustrating freeze but oil positioning is a spot to watch closely. Here is Ashraf's video on indices, fx, gold and oil recorded last night.