Let’s set the scene. The markets have been unsettled to say the least. The gradual weaning off easy money – heck, the mere thought of weaning – has driven equities, precious metals, the commodities in general, and bond yields absolutely bonkers.

We are witnessing an imperfect storm, or two storms, or perhaps even three. Let’s try to unwind the interwoven, swirling winds and see if we can make some sense of what is going on, and hopefully derive a sound fundamental analysis of affected markets.

Markets for the most part took a breather from taking their daily beating today.