Art Cashin warns if bond yields move lower again stocks could resume their downturn

  • 📰 CNBC
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

'I think if yields roll over and start slipping, we may see renewed pressure on stocks,' UBS' Art Cashin says.

, a move preceding every recession over the past 50 years. The 10-year and 2-year yields have since gone back to normal."It may just be a simple coincidence, but I think not," the UBS director of floor operations at the New York Stock Exchange said on ". " "I think if yields roll over and start slipping, we may see renewed pressure on stocks."

Should stocks nosedive again, Cashin said he would be watching for key levels at 26,000 on the Dow and 2,822 on the"That would be a bit of a problem" if the Dow and S&P 500 moved below those levels, Cashin said. "For right now, you're in a kind of a mid-level 'Never Never Land.'" U.S. stocks have had a rough month, with the Dow, S&P 500 and Nasdaq each posting three consecutive weekly losses. While remaining on pace for a negative August, they're all still up double-digit percentage-wise in 2019.at Thomson McKinnon in 1959. In 1964, at age 23, he became a member of the NYSE and a partner in P.R. Herzig & Co.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

FBI watch these criminal carnival barkers on CNBC closely, all trying to foment a market collapse, with “fake recession” media echo chamber fears..it boggles my mind these criminals in the media aren’t walked off the nyse in handcuffs at times

There is no real recession threat, nor will there be anytime soon, maybe 10 years, it’s a media-democrat manufactured echo chamber fear monger tactic to try to rig the 2020 elections with fake news..they know the only hope is a total economic and financial markets collapse.

Or wait til the s&p reaches the top of its small range that it is in right now. Could see a pullback then.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines