Macro Morning

By Chris Becker 

The risk market complex started the week in fine form as backstops from the world’s central banks continue to inflate stocks in particular. Wall Street glided along on the Fed put and better relations with Mexico due to the tariff cancellations, with the USD firming slightly against the other major currencies. The Brexit saga is having a material impact on the UK economy with the industrial heart shrinking again at a pace four times that calculated by the Brexiteers. Short term pain for long term, err gain?

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