U.S. stocks recorded one of the worst declines of the year after signs of slowing economic growth around the world. The S&P 500 fell nearly 3%
Yields on United States government bonds fell, indicating lower expectations for growth and extending a drop that began as the trade war intensified.. ] In China, a variety of macroeconomic indicators published overnight showed that its economy continues to lose steam as the trade war drags on. Chinese industrial production slowed more than expected, falling to 4.8 percent in July, the lowest level since 2002. Investment growth and retail sales also slowed. The economic updates added to the increasingly ugly conditions in the global industrial economy. Closely watched surveys of activity among industrial purchasing managers now suggest that manufacturing economies in China, Japan, Germany and Britain — the second-, third-, fourth- and fifth-largest economies in the world — are all contracting. And prices for important industrial raw materials such as aluminum, copper and steel have fallen, confirming deep weakness in the industrial sector and crimping the profits of the companies that produce them. Major industrial firms around the world have likewise reported a consistent story of softening demand, stressed that they are taking a cautious approach to the rest of the year. In recent weeks, signs of the global industrial slowdown have also arrived in corporate earnings reports in the United States. Second-quarter profits for companies in the S&P 500 are set to contract 0.7 percent from a year ago, according to the data provider FactSet. If that figure holds — and more than 90 percent of the companies in the index have reported — it will mark the second straight quarter that earnings have declined. The industrial sector of the S&P fared poorly, with earnings falling 10 percent compared with last year. The slide in profits was also most pronounced among those companies with the greatest exposure to the global economy and trade. Investors were intensely attuned Wednesday to downbeat economic signals on the American economy coming from the bond market. Yields on long-term United States Treasury securities continue to plumb lows not seen in recent years. The yield on the benchmark 10-year Treasury note fell to 1.58 percent, a level it last reached in late 2016. The yield on the 30-year bond fell to 2.03 percent, the lowest level on record. [ Read more: The New York Times
😏 realDonaldTrump will save our economy from you fake news libs! ajiboyetooni 🙃🙃🙃🙃 Has realDonaldTrump tweeted from the can about this milestone yet and how we are still winning? Obama must be sad as to how he is trashing the strong economy he left him to manage. It's a pickle. Trump and his ‘Art of the Deal’ finally having its effect around world. We were warned.
The email lady said this would happen. “AND ONLY I CAN FIX IT!” - D. Trump Oh well I can just work till I’m 80. Who needs retirement anyway? Oh dear. Wasn't growth going to pay for TV he rich people tax cut?
Bonds have bruised one major group of stocks, but one trader is ready to buyBanks have been beaten up this month by the burning-hot bond market, but the decline has one trader ready to make a contrarian call. TradingNation On twitter
Who to blame, who to blame. 🤔 Americans get screwed every time Republicans are in charge. The wealthy got their tax cut, so they’ll be fine. GOPtaxScam It's all on you HouseGOP SenateGOP realDonaldTrump senatemajldr MoscowMitchMcConnell and your stupid TrumpTariffs, exploding national debt, the one-percent's TrumpTaxScam, etc., ALL. ON. YOU. BlueWave2020
colleenmmck618 Donald Trump screams, “Fake nooz fake nooz. The graph’s been printed upside down!” DJT has shamelessly taken credit for BHO's continued strong economy. Who wants to wager he drops the slowing and receding economy like a hot potato and blames it on someone else. Bonus points: his ridiculous supports will fall in line right behind him. ImpeachDonaldTrumpNOW
TrumpRecession realDonaldTrump will drive us into a deep recession Trump always takes credit when it goes up. When it goes down it’s Obama’s doing. MoscowMitch LeningradLindsey EmmylessDonald Here we go, y’all. ettd
Stocks and Bonds Are Talking Past Each OtherThe yawning gap between markets is perplexing some investors, who say they struggle to discern how stocks can churn higher when bond yields are signaling a downturn may not be far off. Who says that is a direct colleration anymore? The Federal reserve manipulated that relationship. Why is the wsj so academic these days? What is to discern? The bond market is the crystal ball 🔮 God forbid the stock market be a bubble or anything.
TrumpRecession is here, caused by a needless trade war with 2 of our 3 biggest trading partners. We are now at the thoughts and prayers stage Who was it said that market falls of this magnitude should lead to impeachment of the president? BUT AT LEAST TRUMP DIDN'T RUN A PRIVATE EMAIL SERVER oh wait the incompetent moron did that, too
Liberals wishing and hoping for a recession. What else do u need to know? All this crashing and burning would be funny if I didn't live here Hold onto your stocks! Buy more! They will recover as always!! Hey, realDonaldTrump & VP, did u 2 happen to catch ths? NO, we r not doing great nor r we winning. At least not the 99% tht didn’t get the huge tax cuts u gave ur buddies. Why do ppl believe u 2?
Some people really thought the douche who attempted to sell you trump steaks was going to make America “great” again. Hey DT: your recession is on its way. That will spell the end for any chance you might have had.
U.S. Stocks Drop as Treasurys Flash Warning SignalU.S. stocks tumbled and Treasury markets sent a new recession signal after weak German and Chinese economic data stoked fears of an impending global slowdown. Why would anyone be worried with trump at the helm this is nuts. Imma go eat a trump steak and use my tariff checks as napkins. MAGA KAGA new worries? LOL fake trade deals maybe? or how about FUNDAMENTALS, lack of QE, and (real inflation adjusted) not enough NIRP! more buybacks aren't even enough to prop up the biggest, fattest, ugliest bubble any more. got gold? So how log till they blame this on Obama?
I really hope that streak stops. I took out all my stocks but I know there are people losing money now because of this trend. The trade war is making the markets jittery. FreeNagaland FreeKashmir On the bright side, midwestern farmers aren't impacted - they lost everything last year. OwnTheLibs SoMuchWinning
DOW DOWN 800 points. JenPetterson Trump loves crashing things 😂😂😂 The orange one aka realDonaldTrump wanted an economic war... well, looks like it/he/we is/are well on it/his/our way...
The last time the bond market did this, it was a buy signal for stocksThe bond market is making historic moves, and Ari Wald of Oppenheimer says it could be flashing a buy signal to equities. TradingNation Didnt you ppl just yesterday posted an article saying bond market is calling for recession something about yield curves. haha. TradingNation lmao you permabull charlatans TradingNation Historically when the Equities market is damaged like in 2009 interest rates remain low for 18 years on average We are a little over the halfway mark
Macri predicts worse to come as Argentine peso, stock exchange plungeMarkets panicked as the peso closed at 57.30 to the dollar, a drop of 18.76 per cent from its Friday closing figure, while the Merval index crashed 38 percent by close.
CNBC: Market plunge is a 'reliable indicator for recession down the line'CNBC's Dominic Chu talks about reasons the stock market is taking a plunge, and how long the economy has until it starts to go south. TheDomino Trump doesn’t know what he is doing! He is hurting America. Vote Trump Out! TheDomino How about that Stock Market! Happens Every Time Republicans have Control! TheDomino But . . . what about all those billions and billions that Trump keeps saying is flooding into the nation's coffers as a result of the tariff's that China is paying on all the goods being bought by them? Trump said it with great power and authority, and he was elected by you Rs!