Stocks are getting hammered as bond market’s warning spooks investors

U.S. stocks suffered another deep sell-off and Treasuries surged as mounting signs of a global economic slowdown stoked fears of an economic recession.

“With U.S.-China trade uncertainty lingering, investors are increasingly selling first and asking questions later,” Said Alec Young, managing director for global markets research at FTSE Russell. “The only thing seemingly capable of reversing the volatility is credible evidence global growth is bottoming out. That seems too much to hope for right now.”

“This is not a positive sign for the market,” Jonathan Golub, chief U.S. equity strategist at Credit Suisse, said on Bloomberg TV. “The Fed is totally empowered to change this dynamic and the market is saying they have to.”

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow transport average struggles to keep pace, could be market warning signDow transport average struggles to keep pace, could be market warning sign GlobeInvestor globeinvestor 😳😳 globeinvestor
Source: globeandmail - 🏆 5. / 92 Read more »

U.S. crude stocks build unexpectedly; gasoline demand at record high: EIA reportMidwest crude stocks fell 3.3 million barrels to 132.6 million barrels, their lowest since late January
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Stocks take fright as recession warnings growEuro STOXX 600 falls 0.3 per cent; crude oil prices slip after previous day’s big surge
Source: globeandmail - 🏆 5. / 92 Read more »

Why the current economy has a hint of the ’70s, a utility benefiting from being out of the limelight, and three stocks with rising dividendsWhy the current economy has a hint of the ’70s, a utility benefiting from being out of the limelight, and three stocks with rising dividends GlobeInvestor
Source: globeandmail - 🏆 5. / 92 Read more »