Pre-Market Stock Futures: <\/p>\n
Futures are trading higher after a dreadful day on Wall Street, when all the major indices traded lower, and we saw the same pattern that has developed over the last week. The “Buy the Dip” traders come in, briefly get an uptick, and a move higher, and the sellers swarm in to hit bids that have moved higher. The song remains the same: the war with Iran, inflation (which saw the Consumer Price Index jump to 4.2%), yields moving higher, and rotation out of the AI\/Datacenter trade continue to keep the sellers coming back for more. With the gigantic SpaceX IPO set to trade on Friday, some of the selling could be to raise cash to pay for allocations, which should be big for institutions, but the reality is we could be on the edge of a much bigger sell-off. The Nasdaq was the biggest loser on the day, falling 1.98% to close at 25,169, while the Dow Jones Industrial Average was not far behind, ending the session at 49,918, down 1.87%. The S&P 500 closed at 7,266, down 1.62%, and the Russell 2000 was last seen at 2,835, down 1.10%.<\/p>\n
Treasury Bonds: <\/p>\n
Yields were higher across the Treasury curve, but the selling pressure wasn’t as severe as in equity markets. The huge CPI print, while the highest in 3 years, was expected, as that is where estimates were. Had the estimate been dramatically lower, we would have likely seen much more selling pressure. The 30-year-long bond closed the day at 5.03%, while the benchmark 10-year note finished the day at 4.55%.\u00a0<\/p>\n
![\"Chaay_Tee](\"https:\/\/www.europesays.com\/golf\/wp-content\/uploads\/2026\/06\/819f2df61b1c6a1d4e38d1aa8896e0a9.jpeg\")
Chaay_Tee \/ iStock via Getty Images Oil and Gas: <\/p>\n
Needless to say, with the possibility of the war with Iran ratcheting up, energy prices across the board moved higher on Wednesday. When the closing bell rang, Brent Crude’s final print was recorded at $94.60, up 3.44%, while West Texas Intermediate closed the session at $90.03, up 2.07%. Natural gas tagged along for the energy ride, finishing the day at $3.19, up 1.43%.<\/p>\n
Gold: <\/p>\n
Gold had another tough day, and the trend for the precious metal is starting to look bad, as it hit its lowest level since last November. This selling trend follows reports that China bought +10 tonnes (a tonne is a metric reference, which is higher than the US ton) of gold in May, the largest monthly addition since January 2025. This follows +8 tonnes acquired in April, marking their 3rd consecutive monthly net purchase. China has now bought gold for 19 consecutive months, the longest streak since at least 2015, when its central bank began publishing more regular data on its gold reserves. The final trade for the precious metal on Wednesday came in at $4070.30, down 4.42%, while Silver was last seen at $62.25, down 2.95%.\u00a0<\/p>\n
Crypto: <\/p>\n
Cryptocurrencies endured a volatile Wednesday, with Bitcoin sliding to around $61,000 as the broader market grappled with a cooling AI sector and persistent institutional outflows. Although prices received an early lift from softer-than-expected U.S. inflation data, overall sentiment stayed firmly under pressure. At 8 AM EDT, Bitcoin was trading at $63,050, while Ethereum was trading at $1,665.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Quick Read All major indices fell Wednesday as Iran war fears, a 4.2% CPI print, and AI sector…\n","protected":false},"author":2,"featured_media":19524,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3017],"tags":[8155,8157,3053,8156],"class_list":["post-19523","post","type-post","status-publish","format-standard","has-post-thumbnail","category-callaway","tag-bank-of-america","tag-black-hills","tag-callaway","tag-target"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/posts\/19523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/comments?post=19523"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/posts\/19523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/media\/19524"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/media?parent=19523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/categories?post=19523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/tags?post=19523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}