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Will they or won’t they cut rates? That is the question this morning as futures fluctuate massively overnight, trading in a range of over 4%. US Treasury rates are at record lows, the dollar is down and gold is up. It’s going to be another crazy week!
Read today’s Bespoke Morning Lineup for the latest stock-specific events, news on coronavirus, and the changing dynamics of the Democratic Presidential primary process.
The charts below are from page two of the Morning Lineup and as you can see, the moves last week were practically off the charts. The S&P 500 is more than three standard deviations below its 50-DMA, more than 85% of S&P 500 stocks are oversold, and equities are underperforming treasuries by their widest margins in nearly a year.