Pretty simple intraday action: crank the dollar, spook everything else. The key correlation charts have been linked at the hip, with the only notable recent outlier being the 10 Year which has been drifting slowly lower, presumably ahead of the $100 billion+ in upcoming coupon issuance.
On the commodity side, same story: dollar leading every asset class. It is time Econ 101 textbooks forget all about that whole supply/demand drivel and just have lesson one (and only) teach all about dollar printing and its consequence on all dollar denominated assets.
