For the most part gold, utilities, bonds, have held up pretty well signalling a upcoming recession maybe in the cards for the US and a slowdown in the world economy.
Japan indices sold off 4% or at least some of the ETFs I follow did.
Many emerging markets too.
Im not sure if this is the beginning of a big market sell off but if the Fed doesnt lower interest rates as much as markets participants anticipate and expect I expect more market turbulence and higher bind prices, most market participants dont seem to expect bond prices and Utes, or gold to keep going up despite there confusion on watching the prices edge up higher over time.
Time will tell what happens and I still believe large cap biotechnology, Utes, Gold,and Healthcare to continue racing higher over time and most small caps to sell off
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