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  • May 17th is in the books on Wall Street, it has been a bruising day for stock markets.

  • As reported President Donald Trump is to interfere in an FBI investigation were digested by investors.

  • Major indices all experienced their biggest one day declines since US election,

  • and the CBOE's VIX index, a measure of implied volatility in US equity market so hits biggest one-day rise since September 2016.

  • The defensive stock out-performed with utilities and real estate, the only sectors in the S&P 500 to end the day with gains.

  • Financials trailed the border index way down by declining longer dated treasury yields.

  • The difference between the two-year treasury yield and ten-year treasury yield fell a level since last seen before the US election.

  • A sign at the prospect at the the steep yield curve predicated on higher growth and inflation expectations has abated,

  • the US dollar fell sharply falling to pre-election levels and go soared experiencing best day since the UK voted to leave the EU.

  • As investors favored haven assets.

  • And that's the New York Minute.

May 17th is in the books on Wall Street, it has been a bruising day for stock markets.

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B2 UK FinancialTimes treasury yield election day index

Bruising day for US stocks

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    Mii Wei posted on 2017/05/24
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