Stock Market RECORD HIGH as Economy Falls Faster and Faster Into Negative!
The stock market was able to finally surpass the level from 18 months ago. It was certainly struggling to surpass this point without additional central bank stimulus. Now that the Fed seems like they will be going for rate cuts in 2019, stocks have risen in hopes that conditions will become even easier. With trillions of dollars of government bonds trading with negative returns, the appetite for risk increases.
Markets: Indexes, Bonds, Forex, Key Commodities, ETFs
https://www.cnbc.com/markets/
Treasury yields after the Fed give hints a rate cut could be coming
https://www.cnbc.com/2019/06/19/us-treasury-yields-tick-higher-as-investors-await-federal-reserve-meeting.html
Fed opens door to rate cut amid growing 'uncertainties' | AFP.com
https://www.afp.com/en/news/15/fed-opens-door-rate-cut-amid-growing-uncertainties-doc-1hn8db3
3-Month London Interbank Offered Rate (LIBOR), based on U.S. Dollar | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/USD3MTD156N
libor change 1 day.jpg (1037×493)
european negative yield debt.jpg (964×510)
bond yields ex US.jpg (980×571)
There’s now $12.5-trillion in negative yielding bonds - why would anyone buy them? - The Globe and Mail
https://www.theglobeandmail.com/investing/markets/inside-the-market/article-theres-now-125-trillion-in-negative-yielding-bonds-why-would/
Liz Ann Sonders on Twitter: "From @DiMartinoBooth: Tuesday’s Cass report raised the Recession flag, noting, “…the shipments index as going from ‘warning of a potential slowdown’ to ‘signaling an economic contraction’” Economic contraction is a ‘polite’ way to say Recession without actually saying it. https://t.co/nbtcEkvyfT" / Twitter
https://twitter.com/LizAnnSonders/status/1141655786642399238/photo/1
- LizAnnSonders
US Steel idling plants despite tariffs designed to save them
https://www.msn.com/en-us/news/other/us-steel-idling-plants-despite-tariffs-designed-to-save-them/ar-AAD7daB
https://www.ft.com/content/a1899c76-92a8-11e9-aea1-2b1d33ac3271
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