"Political Correctness acts as a filter for sifting out thought that doesn’t conform to orthodox ideology, and for punishing those who dare to express the filtered-out ideas... it is literally thought-policing. It’s hard to imagine anyone being in favor of that..."
Global stocks, US equity futures and Treasury yields extended gains while the dollar slumped as "risk-on" sentiment returned after the U.S. and China exchanged trade proposals meant to avoid an escalation of economic tensions.
"All the risk factors which had been pushed to the back are returning to the fore: uncertainty over U.S.-North Korea talk, U.S.-China trade tension, the Italian political situation as well as concerns about euro-zone growth."
It seems that "Black Monday" has been averted, with global risk sentiment making a full reversal to start the week, and the precipitous selloff from Thursday and (Black) Friday turning into a furious rally on Monday, which has sent S&P futures up 1.4%.