Premarket Dow industrials gains vanish as Treasury yields sink
U.S. stocks were seen falling at the open on Wednesday as equity futures erased modest gains, amid a number of global central banks adopting easy-money policies in the face of an intensifying trade conflict between Beijing and Washington.
Adding to market jitters is growing fears of a recession in the U.S. against a weaken economic backdrop throughout the globe. A breach of that level on Monday, interpreted by some as an intentional weakening of its currency, helped to ignite a global stock market selloff and slump in bond yields, but markets have so far stabilized, despite the prospect of an uncertain timeline for a Sino-American trade resolution.
— Donald J. Trump August 7, 2019 ....proud to admit their mistake of acting too fast and tightening too much . They must Cut Rates bigger and faster, and stop their ridiculous quantitative tightening NOW. Yield curve is at too wide a margin, and no inflation! Incompetence is a.....
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