NEW YORK - Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a U.S. recession that was heightened by data showing Germany’s economy in contraction and China’s worsening.
The yield on the benchmark 10-year U.S. Treasury note US10YT=RR fell below 1.6% to its lowest since September 2016. The slide in equity and oil markets erased the previous session’s sharp gains after the United States moved to delay tariffs on some Chinese products. On Wall Street, the interest-rate sensitive bank index .SPXBK slipped 3.7% and the broader financial sector .SPSY fell 3.0%.fell 0.24% to $1.1144. The Japanese yen strengthened 0.93% versus the greenback at 105.77 per dollar.
Does this mean a lot of people would have been better investing their savings in the bottle shop It seems that these drops are becoming more erratic and more often the more Trump Tweets Now they have less money to spend at the bottle shop so they won't be able to party no money
The inversion is an ill portent
Only because some chart
Donald’s economy !
Brace yourselves!
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