Stocks Selloff on Bond Market Rout, Oil Trickery Provokes Saudis

Stocks and bonds are both selling off again this morning as the market rout following the Fitch downgrade of the US credit rating along with worries about US govt borrowing and possible Bank of Japan interventions are causing a ruckus in the global debt market. Elsewhere politician shenanigans continue in the now distorted oil market as massive changes to oil inventory data and continued delays in refilling the strategic petroleum reserve has markets worried about Saudi supply-cut retaliation.

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