Fears About Global Economic Growth And A U.S. Recession Lead To Market Selloff

Macy’s shares drop after disappointing earnings report

After a brief but strong rally Tuesday on the announcement that the White House would delay the implementation of tariffs on some goods such as laptop computers and cell phones, the market plunged today as the yield on the 10-year Treasury slipped below that of the 2-year. Meanwhile, investors also bought U.S. government debt, which is also often seen as a safe haven amid market turmoil, and the 30-year Treasury fell to a record low.

It was also interesting to note that former Fed chief Janet Yellen told Fox Business Network that this time around the yield curve inversion “may be a less good signal” of a recession. “The reason for that is there are a number of factors other than market expectations about the future path of interest rates that are pushing down long-term yields,” she said.

Unfounded fears. By corporations who don't have a puppet in the white house.

🤷🏽‍♂️

Fake news

That’s some dirty talk

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.

European stocks seen mixed after global sell-off on recession fearsEuropean stocks are set for a mixed open Thursday as fragile calm returns to markets following a global sell-off as bond markets stoked fears of an impending recession.
Source: CNBC - 🏆 12. / 72 Read more »

Global Stocks Fall on Recession FearsGlobal stocks and government bond yields fell, as weak economic data and ominous signs from the bond market added to fears about slowing growth around the world. Finally realizing this scam cannot hold itself anymore? Good. 15AugustBlackDay Small minds = small economies = large problems.
Source: WSJ - 🏆 98. / 63 Read more »