What happens when the curve steepens? It is bad good news for commodities, mixed news for equities and often temporarily good news for the USD except against JPY. Here is why..
5 Things We Watch: Fed rhetoric, Chinese rebound, Chinese inventories, US labor market and a record-breaking yield curve inversion
Midweek has arrived and that calls for a rundown of the five things we watch the closest. As is the custom every Wednesday, we will take you through these most important themes (and charts) in macro and summarize how we interpret them.
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