Authored by John Rubino via DollarCollapse.com,
The yield curve is one of those indicators that most people have heard of but few can explain. In part this is because it’s usually a non-issue, only becoming important enough to argue about during the final year of long expansions.
Like now:
Yield curve flattening maintains relentless momentum
US equity futures continued their push higher into record territory overnight (ES +0.1%), and the VIX is 1.5% lower and back under 10, after yesterday's blistering surge in US stocks which jumped 1%, the most since Sept. 11, following Powell's deregulation promise, ahead of today's 2nd estimate of U.S. Q3 GDP which is expected to be revised up. U.S.
DB’s Jim Reid has released his “2018 Credit Outlook”. In our first pass on this 60-pager earlier, we noted that Reid characterised 2017 as the most “boring year ever”, since it will go down as one of, if not the least, volatile year for the majority of asset classes.
US equity futures in the green ahead of critical Senate debate on US tax reform and a much anticipated testimony from Yellen replacement Jerome Powell for Fed’s current policy approach. European stocks advance, led by oil and gas stocks after Shell fully restored its cash dividend and unveiled a bullish outlook. Asian shares slide despite the reappearance of the Chinese "National Team" which stabilized the SHCOMP selloff in the last hour. USD recovers gradually from overnight lows against G-10, pushing GBP/USD and EUR/USD to session lows, while oil and treasuries edged lower.
Authored by Peter Korzun via The Strategic Culture Foundation,
Leaders from the EU and six former Soviet states – Ukraine, Georgia, Moldova, Armenia, Azerbaijan and Belarus – met on Nov.24 to discuss the prospects for deepening ties.