Today's slide deck: bit.ly/2OmaIBk
The US-China trade talks continue to throw headlines at the market and yesterday's comment that the two countries had "reached consensus on properly resolving relevant issues" took equities to new highs. Meanwhile the Chicago Fed National Activity Index printed the third worst monthly activity number in October since January 2014 in a striking divergence between weak macro and strong equities. In today's Market Call we also discuss gold, coffee and wheat.
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