Post #15888

In about an hour, markets will start to open, most likely with some gaps. Remember, this is going to be an oil move first and foremost, with restricted supply and risk-off being the cause. The severity of safe-haven demand will follow second. I see the usual gap risk: S&P, Nasdaq, EM, AUD, CAD all OFF in that order. Oil, Gold, USD ripping in that order. USD will likely catch a bid (ex-JPY), which should be the true metric of risk-off. If that tanks, it’s real and might have legs. If you are not experienced in this kind of gap risk, tonight is not for you.