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US stocks closed sharply lower on May 17 with the Dow falling about 370 points, its worst day since September, on fears over reported presidential conduct tied to the Comey investigation. Safe-haven assets gained, with the 10-year yield falling to about 2.21% and the yen strengthening to 111.05.
Political turmoil and risk-off flows can lift safe-haven demand and pressure risk assets, with modest knock-on effects for dollar and commodity prices.
cnbc.comFred ImbertMay 17, 2017After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
