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Trump: North Korea summit is off; stocks slip, bonds, gold rise

Published 05/24/2018, 09:56 AM
© Reuters.  Trump: North Korea summit is off; stocks slip, bonds, gold rise
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  • In a letter to North Korean dictator Kim Jong Un, the president says their planned June meeting is no longer going to happen. "Based on the tremendous anger and open hostility displayed in your most recent statement ... it is inappropriate at this time, to have this long-planned meeting."
  • Stocks (SPY -0.6%) are slipping modestly, and the 10-year Treasury yield is now firmly under 3% - off three basis points to 2.965%. TLT +0.75%, TBT -1.5%
  • Gold (GLD +0.9%) is getting perky as well.
  • Now read: S&P 500 Back On Track For New All-Time Highs


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