BMO: “We Just Got Another Recessionary Indicator… As If More Were Needed”
While most US traders were deep in REM sleep, at precisely 3:30am ET, we noted yet another historic moment for the US yield curve: the yield on the 30Y Treasury dropped to an all time low. U.S. 30-YEAR BOND YIELD FALLS TO NEW RECORD LOW OF 1.90% — zerohedge (@zerohedge) August 28, 2019 And indeed,…
Let’s Hope We Don’t Get Another August 2015
Authored by Bloomnerg's Michael Msika Markets like a good pattern. The current set-up is no exception, and is looking increasingly like 2015: a good first half, a Chinese slowdown, PMIs not picking up, late-cycle signs with central banks set to ease to boost growth. There are a few differences of course, and one of them…
Another Mass Shooting Leaves 9 Dead, 26 Injured In Dayton, Ohio Bar District
Just hours after the mass shooting in an El Paso, Texas mall, nine people are dead after a shooting in Dayton, Ohio, according to police. At least 26 were hospitalized with injuries. The gunman was taken out by officers responding to the incident. CNN reports that the Dayton shooting took place around 1 a.m. outside…
