It’s a touch-and-go turnaround
It’s tough to ignore a chart like 10-year yields today. They are now down on the day after rising as much as 14 basis points.
Similar story across the board.
More and more you get the feeling there was forced liquidation at the US ope and now the dip buyers are stepping in. The next 90 minutes until the US equity close will be critical. If stocks can climb all the way back, it will signal a continued turnaround (and a turnaround in the US dollar) but if it fizzles, beware.