Panic In The Bond Market: Yields Tumble, 10Y Inverts To Fed Funds
Such inversion has on average preceded recessions by 15 months in the last 7 business cycles.
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MAY 23, 2019 10:26 A
New Home Sales Collapse In April As Median Prices Soar
New home sales slumped in April, not helped by an 8.8% surge in median home price to $342,200 (the biggest jump since Feb 2018).
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MAY 23, 2019 10:09 AM
US PMIs Crash As Business Confidence Collapses To 7 Year Lows
"Growth of business activity slowed sharply in May.. Business confidence has meanwhile slumped to its lowest since at least 2012"
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MAY 23, 2019 9:52 AM
Crude Crashes To 2-Month Lows - Breaks Below $60
For the first time since March, WTI Crude is back below $60 as fears over demand (trade tensions) and supply (inventory glut) overwhelm any Mid-East geopolitical risk, and is helped by extreme positioning.
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MAY 23, 2019 9:22 AM
As Commodities, Bond Yields, & Stocks Tumble, Trader Exclaims: "I'm Discouraged"
"It has been a sloppy day all around. The litany of discouraging news is there for all to see...bonds' relentless behavior has been extraordinary."
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MAY 23, 2019 9:07 AM
"Sea Of Red": S&P Futures, Bond Yields Tumble As All Out Trade War Becomes "Base Case"
"It’s tin hats on and battening down the hatches for a fair bit of volatility for the next few months"
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MAY 23, 2019 7:36 AM