Macro Morning

By Chris Becker 

Friday night saw the return of the short sellers and the end of what looked like a sustainable bounceback in equity markets. Wall Street closed sharply lower as the prospect of more fracas from the US-China trade war emerged, as the PBOC continues to wipe out the Yuan while Trump targets the Fed to cut rates ASAP. US Treasury yields rose slightly while commodity markets were mixed with base metals falling while oil prices came back somewhat as the USD remained mixed against the majors.

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