The markets are unsettled. It is not so much in the magnitude of moves as the breadth of the move. The nearly 1% rally in gold is a tell, but also the inability of equity market to follow the lead of the US markets, where the S&P 500 and NASDAQ set new records. US yields are softer, and the yen is the strongest of the major currencies, up 0.7% against the greenback. Sterling is on the other side of the spectrum. It is off 0.5% near $1.2880. The Telegraph reported the Manchester terrorist might have distributed other explosive devices. Separately, or at least a difficult connection, the latest YouGov poll, the ... (full story)