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Today . Well take it up. Much of the leftist media and Business Press were a agog overs inversion of the yield curb. Today, they seems declaring a recession in immediate offing despite more than 70s of country Biggest Companies quarterly earnings, higher than wall street has been expecting. And revenue of the companies in s p up almost 5 over a year ago. So what is the problem . The market sole off, and sole sold off, and sold off big, with us, jackie deangeles, what a day. It was, the worst steepest selloff of the year. We have seen a lot of volatility in august. Lou as is customary. But not with this wide of a band, this is something new. Yes, this is uncertainty, uncertainty over trade, worries about what is happening in other economies, in europe and asia and china specifically, weak data coming out of china. Also out of germany starting this fear mongering happening c ....
Today . Well take it up. Much of the leftist media and Business Press were a agog overs inversion of the yield curb. Today, they seems declaring a recession in immediate offing despite more than 70s of country Biggest Companies quarterly earnings, higher than wall street has been expecting. And revenue of the companies in s p up almost 5 over a year ago. So what is the problem . The market sole off, and sole sold off, and sold off big, with us, jackie deangeles, what a day. It was, the worst steepest selloff of the year. We have seen a lot of volatility in august. Lou as is customary. But not with this wide of a band, this is something new. Yes, this is uncertainty, uncertainty over trade, worries about what is happening in other economies, in europe and asia and china specifically, weak data coming out of china. Also out of germany starting this fear mongering happening c ....
S p is now down 2. 25 the nasdaq is off by 40 points that happened after news that we heard from beijing that well tell you about in a moment Interest Rates are a huge part of the market story. Yesterday we saw the inversion of the twoyear and the tenyear yield. So shortterm bonds are paying more than longterm bonds. Historically this is considered a recession warning sign check this out the 30year bond this morning is now yielding below 2 . This is the first time in history weve seen the 30year below 2 1. 99 . Tenyear is yielding 1. 557 . The twoyear is yielding 1. 54 lets look at what happened in markets overnight in asia. Things got a slower start there. The nikkei was down out of the gate it ended down by 1. 2 . In china, stocks are stronger. Shanghai is up by a quarter percent. The hang seng up by three quarters of a percent. In europe, there is active trading taking place, you are seeing some red arrows across the board. The ....
Today . Well take it up. Much of the leftist media and Business Press were a agog overs inversion of the yield curb. Today, they seems declaring a recession in immediate offing despite more than 70s of country Biggest Companies quarterly earnings, higher than wall street has been expecting. And revenue of the companies in s p up almost 5 over a year ago. So what is the problem . The market sole off, and sole sold off, and sold off big, with us, jackie deangeles, what a day. It was, the worst steepest selloff of the year. We have seen a lot of volatility in august. Lou as is customary. But not with this wide of a band, this is something new. Yes, this is uncertainty, uncertainty over trade, worries about what is happening in other economies, in europe and asia and china specifically, weak data coming out of china. Also out of germany starting this fear mongering happening c ....