- The renewed slide in stocks - the Dow has shed another 200 points - puts a charge in gold (GLD +0.8%), now up 1% and at a session-high of $1,234 per ounce. The metal has now erased nearly all of its big post-Labor Day slide.
- The Treasury market is closed for Columbus Day, but TLT is ahead by 0.7%, suggesting a drop in the 10-year Treasury yield to somewhere in the area of 2.25%. TBT -1.4%