Global tensions ratcheted down this past week which led to rallies in all financial markets, a slightly steeper yield curve, a decline in the dollar, and higher commodity prices except precious metals.
Specifically, Hong Kong's government backed down on the extradition bill with Chinese approval; China announced that high level trade talks with the U.S. would be held in October after lower level meetings this month; and Brexit appears delayed until after the end of October. China's central bank also cut the reserve ratio to the lowest level since 2007 releasing $126 billion of added