By Chris Becker
Stocks finally had a bad day overnight in the fallout from the bond rout and the possible US withdrawal from NAFTA, which had the dollar surge against the Loonie and Peso. US Treasuries didn’t move as expected during the filled auctions overnight with yields unchanged while commodities continued their move higher.
Recapping action in Asia yesterday where in mainland China the Shanghai Composite had a volatile session following the CPI print and Yuan fix but recovered to finish 8 points or 0.2% higher at 3421. The next target stills remain at the false breakout high at the 3430 area during November as momentum continues to build:
