Tariffs, risk-off and risk-on
|Yesterday was risk-on for S&P 500 under the surface, so will it stick during today‘s FOMC minutes and bond auctions? USD keep slowly going up, however yields ascent is looking clearly tired at the moment, which has risk-taking consequences. Looking at market breadth and sectoral perspectives in only the last 7 days, would you describe this market setup as one of waiting for (another tariff) shoe to drop?
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