- U.S. stocks slipped on Wednesday, as investors reeling from rising trade tensions fled riskier assets for perceived safer havens, leading the bond market to price in a slide into recession.
The drop in yields also reflected a jump in expectations that the Federal Reserve would cut key borrowing costs three more times by year-end, with markets fully pricing in a reduction in September. [MMT/] The central banks in New Zealand, India and Thailand on Wednesday cut rates amid fears that the trade war could hit global growth.
At 11:08 a.m. ET, the Dow Jones Industrial Average was down 283.91 points, or 1.09%, at 25,745.61, easing from a near 600 points drop. A partial recovery in the yuan on Tuesday and a softer rhetoric from the White House on trade had helped the S&P 500 and the Nasdaq break a six-day losing streak. [CNY/]
Well who's FAULT is that!!, I quote!, 'AMERICA FIRST'!!?
The one thing Donald could sort of point to as a success, the economy, and he's fucking it up. He also doesn't talk about the economy a lot because his base doesn't understand it. They figure they're ok if they got money for trailer rent, beef jerky, beer, bait, and ammo.
Everything will resume back to normality at end of week.... China loses though big time !
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Source: AP - 🏆 728. / 51 Read more »