Major markets are giving mixed signals over the outlook for risk appetite. After threatening to turn corrective in the past week, Wall Street equities staged an impressive rally yesterday. However, with Treasury yields still struggling around one month lows, and the US dollar finding support (helped by impressive housing data), the sustainability of renewed buying on Wall Street could be questionable. There is still a dark cloud of faltering progress in the economic re-opening. Fed chair Powell believes that the US is into an important new phase sooner than expected, but when the WHO suggests the pandemic is actually ... (full story)