4th December 2018 - Hippocrates’ Sleeve: Why equities and the yield curve have declined in the past 24 hours

Equity markets’ troubles began at the US cash open, when many professional managers were expecting retail to come in a bid markets up and to the right. That development never materialized, and combined with the increasingly loud brouhaha around the 3s5s inversion any optimism around a G20 trade deal was quickly suppressed.

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