Markets seem risk off.
The FT says this is because the reality of a second lockdown is dawning on them.
Presumably, Mnuchin and Kudlow will be wheeled out onto CNBC to say everything in the garden is loveley.
Today seemed very mixed. No clear direction. The market generally is all over the shop lately.
I think that the bond guys are generally smarter than the equity ones.
The slope of the yield curve is a pretty good indicator of whether or not we’re heading down the …