Dip buyers emerged on Wall Street
Dip buyers emerged on Wall Street on the fact of the tariff announcement and press conference, and the House has voted in favor of the $1.3 tln spending bill through September, which will now be taken up by the Senate. Likewise, yields have bottomed and perked back up, though Facebook is still underwater and weighing on tech. The VIX is still up 14% near 20.40, though below 22.70 highs. Europe closed 1.3-1.7% lower after rough day following weak Eurozone PMIs and Ifo. Within the Dow CAT -3.1%, Boeing -3% (trade proxies) and 3M -2.6% are the weakest links, while Coke +0.6% and Merck +0.1% are higher. The dollar index is 0.3% firmer, just under 90.0 still, while gold has pulled back from $1,334 highs to $1,324. Perhaps a "moribund feline" bounce is in the works?