The S&P 500 (SPX) traded down -0.69% Tuesday, finished above worst levels. The headlines today were mainly on China, Brexit, and ISM manufacturing. Treasuries finished strong with some curve steepening and the 2/10 spread is slightly positive again. Gold finished up 1.7% with Crude (CL1) down over -2.1%. Utilities, Real Estate, and Consumer Staples were the only positive sectors. China tariffs/relations have been causing volatility the past few weeks and we can expect this to continue. 

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