Stocks, Bond Yields, & The Dollar Are All Tumbling
While it is unclear exactly what the immediate catalysts for this shift is, it began around the European close and as Speaker Pelosi discussed USMCA. Perhaps Powell’s confirmation that policy is appropriate, not offering any dovish branch of hope was what trigger’d investors…
Having traded in a very narrow range overnight, Dow futures are breaking down…
The dollar is suddenly being dumped (as Loonie strengthens)…
Source: Bloomberg
And Treasury yields are tumbling, erasing last week’s spike (rate-locks)…
Source: Bloomberg
Gold is rising at the same time…
The market continues to lose faith in a trade deal..
Source: Bloomberg
We are going to need a “trade deal is close” tweet stat!!!
Tyler Durden
Thu, 11/14/2019 – 11:54
via ZeroHedge News https://ift.tt/2QkWdiy Tyler Durden