'US TREASURY SECRETARY YELLEN: I DO NOT EXPECT A RECESSION TO OCCUR IN THE US.'
Janet Yellen said this yesterday.
The market disagrees.
Right now, we're seeing the 2s10s curve flatten.
When this happens, the market is expecting long term rates to fall relative to short term rates, or in other words, they're expecting bad times ahead.
Traditionally, the 2s10s...
US tariffs on European cars are coming, retaliations will follow. Equities globally are starting to look very soft.
For now we trade within this range, plenty of opportunities to the downside with targets at 2580.
Best of luck.