...and just like that, it was gone.
The odds of a China trade deal are plunging...

Source: Bloomberg
The gains from "bad is good" payrolls and China trade-deal hype are gone...

Dow (cash) has filled the gap from Friday's close...

And all the major US equity indices have broken back below their 50- and 100-day moving averages (Small Caps below 200DMA)...

Yuan has erased all its Golden Week gains...

Source: Bloomberg
And 30Y Yields are pushing back down towards 2.00% once again...

Source: Bloomberg
Where's Larry Kudlow when we need him most?




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