In a rush? Here’s the key takeaway
- The closer we get to the actual trade announcement the greater the likelihood that some profits – on this massive post Christmas rally – would be booked. That especially the case as momentum has stalled. So the S&P 500 was down about 0.35% to 2,724 overnight.
- The USD fought back after a big dip to 6.69 in USDCNH terms. The Greenback looks okay – better than the Aussie and Kiwi dollar’s anyway.
- Bonds were a little higher in rate, gold reversed, copper too, oil was essentially stable.