US equities and bond yields are rising this morning (exaggerating the quad witch effect) following headlines that VP Pence will postpone his China-bashing speech, saying there are “positive signs of progress” with Beijing.
Equities decided to price-in the same shit again…
S&P breaking back above yesterday’s record highs…
Small Caps remain red…
And yields are rising…
How much higher do stocks go before The Fed’s 100% likely rate-cut in July is off the table?
via ZeroHedge News http://bit.ly/31KqYRi Tyler Durden