The yield curve flattened even more as long rates declined more than short rates.

Investors do not care about the economic data being reported. They are only focused on the trade tension between the U.S. and China. The fundamental economic data continues to reflect a solid expansion is still in place. Job growth was slower in November than expected but the 155,000 increase reported still leaves the monthly average above 200,000 over the last six months.

 

PROBANK AUSTIN ADVISOR - DECEMBER 10, 2018