The tastylive network

Ilya Spivak discusses the slow start to December on Wall Street, with stocks showing modest gains and light trading volumes post-holiday. While bond markets demonstrated strong movements, with yields declining around 5%, the U.S. dollar weakened as the yen outperformed. Spivak highlights the evolving Fed policy expectations and upcoming economic data's potential impact on market dynamics, stressing the speculative narrative's dwindling momentum.