The positivity from the G20 is already starting to ebb away
From opening up nearly 500 pips last night in futures, the Dow is now slowly giving it all back as US stocks trade down to session lows. Bond markets are looking edgy with US 10’s hovering around the 3.0% level still but making fresh lows.
Earlier today, I spoke to the guys at Core TV about whether there would be a lasting effect from the Trump/Xi meeting, and highlighted the FX signals that suggested it wouldn’t.
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