Our call of the day comes from RBC, whose U.S. equity strategist has been keeping a close watch on long equity bets and says there’s still way too much mania...
Skepticism should be natural every time this saga takes a positive turn, given investors have been riding the U.S.-China trade roller coaster for over a year. But a tariff reprieve for Chinese imports of mobile phones and toys — holiday favorites — sent stocks flying Tuesday.
The chart also shows that positioning in those futures is starting to unwind. It reflects levels as of August 6, which includes the worst day of 2019 so far — a 3% drop for the S&P on August. 5. — ForexLive August 14, 2019 Read: Ex-Fed boss Greenspan says ‘there is no barrier’ to Treasury yields falling below zero
The buzz The We Co., parent of shared office spaces group WeWork, has filed for an IPO, and also said it lost $1.6 billion in 2018.
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