Stocks headed lower again this morning on (what else?) trade war headlines. The Dow is currently down 350 pts and the SPX is down .7%. All eleven major market sectors are lower, led by tech (-1.2%) and materials (-1.3%). The VIX Index spiked to nearly 22, suggesting traders are getting nervous. European markets closed down by nearly 2% and Asian markets were down nearly that much overnight. China’s Shanghai Composite Index was down 1.5% last night and has fallen almost 13% since April 19th. Commodities are down today, except for gold. WTI crude oil is down 1% to trade around $61.50/barrel. Bonds moved higher as the 10-year Treasury yield fell back to 2.44%. Junk bonds, however, are down about .4%.
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