U.S. stocks edge lower in premarket trading, while Ford halts production on its $3.5 billion electric-vehicle battery plant in Michigan amid a strike.
My top 10 things to watch Tuesday, Sept. 26 1. U.S. stocks edge lower in premarket trading, with the S & P 500 down 0.57%, while government bond yields continue to hold steady. Is there any relief from the bond market's tyranny? It's been a remarkable rally in yields for the 20-year Treasury , which is at nearly 4.8% and is almost un-inverted. I have told Club members that it would un-invert for more than a year now.
It makes things more complicated because that stock is probably worthless. 7. Club name Ford Motor halts production on its $3.5 billion electric-vehicle battery plant in Michigan amid ongoing negotiations with the the United Auto Workers union. Ford is playing hardball as UAW strikers double down. 8. President Joe Biden is set to join UAW members on the picket line in Michigan on Tuesday. This is unheard of and certainly a huge negative for automakers Ford, General Motors and Stellantis . 9.
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