Global recession fears mount as manufacturing PMIs around the world confirm contraction:
South Korea
Japan
Taiwan
Malaysia
Russia
Poland
Turkey
Czech Republic
Italy
Germany
UKAll below 50.0
China, Spain stagnating and on the cusp of contracting
— Jamie McGeever (@ReutersJamie) June 3, 2019
Two Likely End-Of-Cycle Signals.
Copper and the Bund yield. None point to the "robust growth" and "recovery" so many international bodies mention. pic.twitter.com/zKb8FScgRP
— Daniel Lacalle (@dlacalle_IA) June 2, 2019
try and squeeze this image in between two empty brain cells and wait for the reaction… wait for it……
(no idea who did this graph, so, kudos to whomever) $SPX pic.twitter.com/zuJTDqUANo
— Ozard of Wiz (@4ever_covfefe) June 2, 2019
— M/I_Investments (@MI_Investments) June 3, 2019
Our liquidity lead is still -ve into Q419. $SPX pic.twitter.com/JjgWim2ktl
— Teddy Vallee (@TeddyVallee) June 2, 2019
US ISM PMI pic.twitter.com/7hjdp066Ot
— Eric Basmajian (@EPBResearch) June 3, 2019
🇺🇸ISM lower than expected. ISM Imports have been the best GDP indicator in the ISM survey over the last 20 years and is at levels consistent w near 0% growth. Also, my leading v lagging Philly indicator points to much more ISM downside the coming 6 months. pic.twitter.com/L9hCyF7s71
— Mikael Sarwe (@MikaelSarwe) June 3, 2019
Experts warn of ‘high’ chance of a recession by 2020 from CNBC.
CNBC’s Steve Liesman reports on new warnings from experts that call for a high risk of a recession by the end of 2020 and increased chances for multiple interest rate cuts from the Federal Reserve.