U.S. equities are selling off: the S&P 500 -0.86% at 7,642, the Nasdaq -1.00% at 26,067, the Dow -1.31% at 52,765. The VIX sits at 16.1 (+8.0% today), inside its normal range.
The 10-year Treasury yield is climbing at 4.70% — the number behind mortgage rates and Washington's interest bill. The dollar index is at 98.9 (+0.1%). Elsewhere: gold up 2.2% at $4,586/oz; WTI crude up 1.0% at $86.65/bbl; Bitcoin at $72,617 (+4.8%).
Among big names, COIN leads gainers at +7.58%, while BA lags at -3.20%. Rate moves and energy prices feed straight into the political fight over inflation — match this against the headlines above.