What you've seen last 3 days is the inflation trade.
Market preparing for higher interest rates.
Higher rates mean Companies have to pay more borrowing costs, Market Speculators can't leverage like they've been doing and their trades start to unwind and they get Margin calls.
Conversation
This is how it all begins
Oh well, just half too adapt again
Brian, would a single rise cause for margin calls or multiple rises? What I am trying to understand or work out is what could be the long or short term view of the market!