Economics
Another Splashy Summit Turns Into a Nothingburger: Taking Stock
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The Trump-Kim summit has come and gone, and while this one had a more amicable outcome than the G-7, the markets still don’t appear to care a whole lot.
A quick look at the screens show that S&P 500 futures are down marginally with swings overnight that could hardly be called dramatic.. Europe stocks are off highs as the German ZEW disappointed (at levels unseen since 2012), and the Stoxx 600 is now unchanged on the day.. the VIX is still relatively depressed in the 12-13 range while the dollar index is flattish and the 10-year yield is exactly where it was during Monday’s session..