, an odd bond market phenomenon that has been a reliable indicator of economic recessions. Investors, worried about the state of the economy, rushed to long-term safe haven assets, pushing the yield on the benchmark 30-year Treasury bond to a new record low on Wednesday.
"The U.S. equity market is on borrowed time after the yield curve inverts," wrote Bank of America technical strategist Stephen Suttmeier. The last time this key part of the yield curve inverted was in December 2005, two years before the recession hit. August has been a volatile month for the stock market so far. Including Wednesday, the Dow has moved more than 200 points in either direction on seven occasions. Wednesday's plunge was the biggest drop since the August 5 drubbing of 767 points, or 2.9%, on the Dow.way below analysts' expectations as heavy markdowns used in spring to clear unsold merchandise weighed on profits.deepened the gloom in the world's second-largest economy.
Experts! Snigger...
Fake news
Bond traders don’t creat recessions they just trade based on their expectations and they are right or wrong very often. However if mktplayers believe they have the wisdom their behavior may lead to recession.
Republicans always send us into a recession! It takes Democratic leadership to get us out. When are voters going to recognize that fact!
most find it odd that all of a sudden recession is on the front seat. but fact is that it has been brewing some some time but those pro trump's agenda keep in under wrap.
👇
Animals are in recession, their population slipped due economic growth.. Man...
The GOPTaxScam has increased the debt and burned the revenue that could help deal with a recession. Republicans are reckless. GOPRecession
Who was buying Bonds? China going down the drain is a bigger warning sign than Trump is giving out Christmas presents.
Middle class hater Bill Maher is loving the news.
ClosingBell Can someone help me here.. they say if there’s an inversion, there typically not a recession until 2 years from that point. Why the selloff? Wouldn’t the selloff come in 2 years time
dowjones Remember diversification is most important in the market!
Hey Donnie realDonaldTrump how this trade wars workingbout for ya?
END THE FED. The central bank Printing money out of thin air for decades!! . AUDIT THE FED imo...
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNN - 🏆 4. / 95 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »