G-luck on those trades @joefriday . I’d have to agree with most of what you just said as that what appears to be reflected in the charts (gold down, bonds down), which are essentially the sum of all known & expected variables although despite today’s pending gap higher, it would appear that any rally in US equities will be limited with more downside in the coming weeks to months. I do have to say that an “all asset class” sell-off would be rare so I might end up being wrong on one or even two, but unlikely all three, of those calls (stocks, bonds, & gold all down). Hope you had a happy Father’s Day as well, thanks!

Maybe in conjunction with an $SPeXit?

Funny Eric, I was going to mention that. Other than select commodities, if money comes out stock, bonds & precious metals, cash is about the only place for it to go. One other possible option (assuming that my call for a pullback in bonds even pans out) would be that move down is driven more by a lack of buyers than an overwhelming abundance of sellers. Supply & demand is essentially what causes asset prices to rise & fall: More buyers than sellers = prices up & vice versa.