The same bond market move happening now occurred before last three recessions
Bespoke studied what happens when short-term interest rates rise above longer-term rates and found that when the 3-year and 5-year spread inverts, as it did Monday, other spreads soon follow, and so does a recession.
Fed adds its voice to rising fears about retirement investor core bond holdings
The bond market has become more concerned in recent months about the lower tier of the investment-grade market
US consumer spending surges, while underlying inflation slows
U.S. consumer spending increased by the most in seven months in October.
US third-quarter GDP growth unrevised at 3.5%
The U.S. economy slowed in the third quarter as previously reported, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year.
Fed warns that a ‘particularly large’ plunge in market prices is possible if risks materialize
The Federal Reserve issues a cautionary note about risks to financial stability, saying trade tensions, geopolitical uncertainty and a buildup in corporate debt among firms with weak balance sheets pose strong threats.
US-China trade war could create winners in Southeast Asia
Southeast Asia is “a very attractive alternative” for companies looking to diversify away from China in the trade war, according to Satish Shankar from management consultancy Bain & Co.
A $9 trillion corporate debt bomb is ‘bubbling’ in the US economy
At first glance, it looks like a $9 trillion time bomb is ready to detonate, a corporate debt load that has escalated thanks to easy borrowing terms and a seemingly endless thirst from investors. On Wall Street, though, hopes are fairly high that it’s a manageable problem, at least for the next year or two.
Goldman Sachs on 2019: Raise cash, get defensive and look out below if more tariffs happen
Goldman Sachs is not feeling very bullish about stocks in 2019, according to its official outlook report to clients out this week.