papasmurfbell Posted August 14, 2019 Share Posted August 14, 2019 https://www.cnbc.com/2019/08/14/stock-markets-wall-street-in-focus-amid-earnings-economic-data.html Stocks plunged Wednesday in the Dow Jones Industrial Average’s worst performance of 2019 after the bond market flashed a troubling signal about the U.S. economy.The Dow dropped 800.49 points or 3.05% to 2,5479.42, its worst percentage drop of the year and fourth-largest point drop of all time. The S&P 500 fell 85.72 points or 2.93% to 2,840.6, while Nasdaq Composite declined 3.02% to 7,773.94. The Dow gave up the entire rebound from a sell-off earlier in August and fell to a two-month low. The yield on the benchmark 10-year Treasury note on Wednesday briefly broke below the 2-year rate, an odd bond market phenomenon that has been a reliable indicator of economic recessions. Investors, worried about the state of the economy, rushed to long-term safe haven assets, pushing the yield on the benchmark 30-year Treasury bond to a new record low on Wednesday. If you need to make sure your money is safe. I have thought for some time this was coming. That said if a recession comes Cheeto is done. He will lose epically. Quote Link to comment Share on other sites More sharing options...
deeshopper Posted August 15, 2019 Share Posted August 15, 2019 https://www.cnbc.com/2019/08/14/stock-markets-wall-street-in-focus-amid-earnings-economic-data.html If you need to make sure your money is safe. I have thought for some time this was coming. That said if a recession comes Cheeto is done. He will lose epically. Doubt it. Quote Link to comment Share on other sites More sharing options...
papasmurfbell Posted August 16, 2019 Author Share Posted August 16, 2019 Specifically what? Quote Link to comment Share on other sites More sharing options...
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