Risk appetite reigned, as an announced “trade truce” from this weekend’s G-20 meeting in Osaka helped the S&P 500 reach a fresh record close, while WTI crude edged back to $59 a barrel. By the same token, Treasury yields rose across the curve, gold got smacked by 2% to finish at $1,384 an ounce, and the VIX fell to 14, its lowest close in nearly two months.
I miss my girl, Moonshine.
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