S&P and VIX Down 2 Weeks In a Row: Uhhhh??
Without a recognizable and verifiable path forward for U.S./China trade talks, the narrative is quickly shifting toward a “no deal” outcome. Bond yields are, however, recognizably lower on Tuesday and after a long 3-day, Memorial Day weekend. The 10-year Treasury yield is at its lowest level since October 2017 and seemingly pricing in a “no…
