Risk Off to Risk neutral

Yesterday the US saw: Lowest number of COVID-19 deaths since late March 26 Lowest number in hospital since April 3 Lowest number in ICU since April 5 Lowest number on ventilators since April 5…. So maybe all the bluster about Increase in cases and worries about another outbreak are a bit over blown..

U.S. TO POST AMENDMENT ALLOWING U.S. COMPANIES TO WORK WITH CHINA’S HUAWEI TO DEVELOP STANDARDS, DESPITE BLACKLISING… Positive news if true maybe not for the fight against china but for companies that do bushiness with them

Stocks all the way back to Unchanged,Crude oil back into Fridays range erasing all this morning losses,Dollar moving lower Risk Off to Risk neutral Now

A few charts I am keeping an eye on to see if any credit worries start to spill over.

US leveraged loan return Index
European leveraged Loan index

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