Stocks slide toward weekly loss as central banks plough on with rate hikes

Ten-year Treasuries rallied a bit on Thursday before steadying in Asia at 2.4736% during Friday. Larger moves were in currencies, where the dollar arrested its recent slide with its sharpest jump in two months.

The dollar index rose 0.9% on Thursday. It gave back 0.1% on Friday to sit at 104.37. The dollar jumped 1.7% and through its 200-day moving average on the yen, where it was a bit softer at 137.29 yen . The Aussie dollar had it worst session in two years and dropped 2.4% on Thursday. "This time it wasn't U.S. bond yields driving the move, instead it was just a feeling that if Fed policy remains tighter for longer ... it could be tough going for risk assets," strategists at ANZ bank said in a market note.

"The Fed may not be hiking as fast, but it still has the highest policy rate in the G10 and will be one of the few central banks to take policy past 5%." Gold fell against the rising dollar, dropping 1.7% to sit at $1,777 an ounce in Asia. Oil gave back some recent gains with Brent crude futures down 1.8% overnight and steady on Friday at $80.94 a barrel.

'We're sucking up all the blood and resources from the very foundation (the people) that allow us to make profits, and we're still collapsing'? The people: How's about suring up that foundation? Corporate Elites/Globalists:

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