AM Brew, May 20th 2022
China is leading the news this morning, as the Chinese cut a key mortgage lending rate by 15 basis points in response to a slow housing market. Equity futures are up 1% across the board, but China's move doesn't seem that bullish to us, as its a small cut and the Fed isn't close to mimicking.
Weakness in Crude Oil over the last 2 days has almost complete…