when you hear 100bps rate cuts, quantitative easing, and emergency payroll tax cuts from the trump admin in just one day – you know they got a hold of some bad data that shows cycle is turning.
— Alastair (@StockBoardAsset) August 20, 2019
If you look deep enough, the equity market is sending the same weak-growth message the bond market is flashing. The cyclically-sensitive sectors of the SPX are back in deep correction terrain, down 18% from their highs.
— David Rosenberg (@EconguyRosie) August 19, 2019
wow pic.twitter.com/NKVcr1NlgC
— Alastair (@StockBoardAsset) August 20, 2019
tin, sugar, nickel, cotton, corn, and soybeans lower pic.twitter.com/XwQ1Y8xwAL
— Alastair (@StockBoardAsset) August 19, 2019
Once the yield curve inverts stock market are typically weak. pic.twitter.com/CbgLPMd8JX
— Robin Wigglesworth (@RobinWigg) August 19, 2019
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