Macro Morning

By Chris Becker 

Trade war concerns are still weighing down on risk sentiment across global markets with Wall Street falling over 1% to start the trading week on a bad note, as everyone watches dead cat bounces develop on their charts. The unrest in Hong Kong plus the chance of new snap elections in Italy and the ongoing clusterf#ck that is Brexit isn’t helping either with safe haven bids across the board – Yen, gold and Treasuries as usual with the latter 10 year yield dropping back to 1.6% as markets price in even more Fed cuts.

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