“we’re gonna need a bigger trade truce…”
As we warned this morning the “he said, Xi said” uncertainty (h/t Cameron Crise) of a potential pause in trade tensions is simply not enough to overcome a tightening Fed and fading economic hope.
The S&P stalled around the 2800 support level we suggested…
And Small Caps have given up their gains, leading the reversal…
And finally, the short-end of the yield curve has collapsed further with 2s5s back below 2bps…
And 10Y Yields have tumbled back to below 3.00%…
Crude is still higher but rolling over as gold extends its gains…
via RSS https://ift.tt/2AM2sCB Tyler Durden