Posted by on December 3, 2018 3:13 pm
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Categories: Economy

“we’re gonna need a bigger trade truce…”

The initial short-squeeze is over and there has been no follow-through…

As we warned this morning the “he said, Xi said” uncertainty (h/t Cameron Crise) of a potential pause in trade tensions is simply not enough to overcome a tightening Fed and fading economic hope. 

The S&P stalled around the 2800 support level we suggested…

 

And Small Caps and Dow Transports have given up their gains, leading the reversal…

 

And finally, the short-end of the yield curve has collapsed further with 2s5s back below 2bps…

And 10Y Yields have tumbled back to below 3.00%…

Crude is still higher but rolling over as gold extends its gains…

 

The article, "Small Caps, Trannies Erase Trade-Truce Gains, Yield Curve Almost Inverted", was syndicated from and first appeared at: http://feedproxy.google.com/~r/zerohedge/feed/~3/ccCvlezuxSM/small-cap-stocks-give-trade-truce-gains-yield-curve-tumbles.

You may find more great articles by Tyler Durden on http://www.zerohedge.com/fullrss2.xml/sites/default/files/images/user5/imageroot/draghi/CBO%20August%201.png/%2A%7CFORWARD%7C%2A.

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