Market Quick Take - May 28, 2020
A wild day for the US equity market yesterday as a steep and rather large sell-off yesterday was quickly corralled and entirely reversed into the close of trading, taking the S&P 500 back above its 200-day moving average. A bit of consolidation has settled in overnight as we ponder the EU recovery package as EURUSD trades at 1.1000 and US-China tensions as the yuan is perched at cycle lows.
