Forex news for January 13, 2016:
– Gold up $7 to $1094
– WTI crude oil up 20-cents to $30.65
– S&P 500 down 48 points to 1890
– US 10-year yields down 2 bps to 2.09%
What started out as a modest rally in US stocks turned into a brutal rout with little warning. Tech stocks started a bleed lower that escalated to a 3.4% drop in the Nasdaq.
