Right away. Maybe august was that peak fear. The fear trade peaking. Chomped a lot of wood in august, sentiment horrible. Investor sentiment is incredibly bearish. Maybe we are coming out of it. I think the fed needs to confirm that, but maybe we have had a mini cycle. We are set up perfectly for a rally in risk assets into the fall. If we could just hold earnings here, we get a revaluation story in equities. I think that is the next trade up, and that is the pain trade. If you want the bull market to die, show me a recession. Until you can produce it, you have to take me over. No recession, Central Banks in play, markets outside, going into the fall, trade deal, upside. Jonathan another big week for treasury yields, too. Joining me around the table, kathy jones of charles schwab, Brian Rehling of wells fargo. Kathy, Morgan Stanley star than the week asking a simple started the week asking a civil question, what if things are better than we thought . Are we finding out they are ok . Ka
We dont see recession coming right away. Maybe august was that peak here. Chomped a lot of wood in august, sentiment horrible. Maybe we are coming out of it. I think the fed needs to confirm that but maybe we have had a mini cycle. We are set up perfectly for a rally in risk assets into the fall. If you want the bull market to die, show me the recession. Until you can produce it, you have got to take the over. No recession, Central Banks in play, markets outside, going into the fall, trade deal, upside. Jonathan another big week for treasury yields. Is kathy jones and brian rehling. Morgan stanley asked the simple question, what if things are better than we thought . Are we finding things are ok . Kathy i think we are ok. The big question two weeks ago is are we going to negative yield like the rest of the world . That is so two weeks ago now. Now everyone is worried about the upside in yields. Jonathan lets think about where we have been in the past 10 days. In and around 1. 40, and b
Fears of recession and uncertainty surrounding trade, sparking a rush into safety. That leads to a u. S. Yield curve that inverted wednesdayish, as i recall, the First Time Since 2007. The recession is avoidable. Even when you see the yield curve invert. That does not necessarily mean we are going over a cliff into recession. It tends to be about 18 months earlier than you see recession. This is about traditional signals of the yield curve. Talking about the curve inversion. Inversion. 2 10 inversion. The risk of recession goes right up. The castiron signal recession is probably not correct. Markets always shortterm have a wall of worry to climb. The market is, in an extreme way, seeking safe haven. A safe haven. Looking for safety. Treasury bonds is where you go. Tom terrific conversation through the week across all of bloomberg media. We want to advance this now and into the weekend with peter tchir of academy securities. Thrilled that peter could join us on the mechanisms we saw thi
Uncertainty surrounding trade, sparking a rush into safety. That leads to a u. S. Yield curve that inverted wednesdayish, as i recall, the First Time Since 2007. The recession is avoidable. Even when you see the yield curve invert. That does not necessarily mean we are going over a cliff into recession. It tends to be about 18 months earlier than you see recession. This is about traditional signals of the yield curve. Talking about the curve inversion. Inversion. 2 10 inversion. The risk of recession goes right up. The castiron signal recession is probably not correct. Markets always shortterm have a wall of worry to climb. The market is, in an extreme way, seeking safe haven. A safe haven. Looking for safety. Treasury bonds is where you go. Tom terrific conversation through the week across all of bloomberg media. We want to advance this now and into the weekend with peter tchir of academy securities. Thrilled that peter could join us on the mechanisms we saw this week within fixed inc
Recordtying sixth u. S. All around title if that does not impress you, just think about this, she did a double twisting, double summer salt dismount from a balance beam unreal its monday, august 12th and Worldwide Exchange begins right now. Good morning, good afternoon or good evening and welcome from wherever in the world you may be watching im brian sullivan. Happy monday well, at least for now we are seeing a little of the craziness for the recent market moves take a break to start the week, although li will say this, futures are now down they were down 50 points just about 15 minutes ago then we had the headlines about all flights being cancelled out of hong kongs airport and saw futures take a leg down. We lost 75 points like that. You never know whats going to happen the rest of the day in the bond market, bond yields remaining a little steady. The bond yield still on the ten year very, very low at 1. 685 again, this is what you want to watch, 1. 59, 1. 65, the twoten spread that