Markets today
Very slightly risk on. Dollar down a tiny amount, after a strong rally over the last few days. Commodities generally up, incl. metals and the oil complex, although softs down. Yields down a tad. Nothing dramatic. The 10-2 curve continues to flatten. Equities up a bit.
News: Tiktok falls into $MSFT’s arms, Lebanon, Turkey, Argentina in trouble. MNK crashes: finally exposed as a fraud? Implied vol north of 200%.
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