Brief followup to yesterday

There's been a couple of days of selloff in the stock markets, which is fine. But also, the bond markets have sold off, which is atypical; typically down markets in stocks have up markets in bonds, because investors move to the lower returns but perceived safety of government-backed instruments. However, in this case, they're moving to cash, or, at least, out of US investment markets. The dollar is also down materially over the last few days, which implies that simultaneously, someone is moving out of dollars. Are they they same people? There's no way of knowing. Fortunately two days is not a trend, but Mr. Gaeta's clock is still running.