Mount Fuji and buildings in the Shinjuku district are reflected on a table at an observation deck in Tokyo, Japan, on December 24, 2013.Asia-Pacific markets opened lower, with Korean stocks posting a more than 2% drop after the U.S. 10-year Treasury yield hit its highest level in 16 years.China's markets remain closed for a weeklong holiday.10-year U.S.
The spread between the 2-year and 10-year Treasury yields tightened to 35 basis points, compared to a gap of 108 basis points a few months ago, Gundlach pointed out. This "de-inverting" of the key part of the yield curve could be"Should put everyone on recession warning, not just recession watch," Gundlach said in a post on X, formerly known as Twitter. "If the unemployment rate ticks up just a couple of tenths it will be recession alert. Buckle up.
Citi named two stocks as its "top picks" in the Indian stock market, which it believes are relatively immune to an uncertain global economic outlook.CNBC Pro: 'Fertile ground': Goldman names stocks to tap a $6 trillion renewables market, gives one 58% upside It said the U.S. Inflation Reduction Act and the European Union's RePowerEU plan combined could mobilize nearly $6 trillion of capital in clean energy over the next 10 years.The VIX, derived from stock options prices and measuring expected volatility over the next 30 days, is often regarded as a sentiment indicator since low readings are associated with investor complacency and high readings with fear and skittishness.
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