Mushy day yesterday. More narrowing of market but so far, just a pullback overall. Of course, we still have to watch the recent cliff dive in financials as well as long term yields…which continues this morning as the 10 year at 2.402 as we write this.
More central banks turning even more dovish as economic numbers continue to come in soft. The real question is what someone with negative rates and already printing money can do from here.
It remains end-of-quarter week…the whole week.
And LYFT coming public…only lost over $900 million in past year. Price of IPO been slowly raised to the mid to high 60s.