Industrials, Tech, and Financials lead the way as the S&P 500 (SPX) finished up 1.27% today. Consumer Staples were the worst performer of the day. 30-year yields finished higher, but still below 2.0% and the 10-year finished up at almost 1.5%. However, the 2-10 spread is still negative which further confirms our countdown to recession call. Gold finished down -0.85% and Crude (CL1) finished up 1.47%. The story today was again about China and their comments about being open to continue negotiations face-to-face.
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