After China green shoots died overnight, the US ‘cleanest-dirty-shirt’ narrative just imploded as retail sales contracted in April. This sent stocks and bond yields notably lower..
Dow futs are down 170 points, 10Y yields are testing a 2.35% handle and 2Y yield drops below 2.16% – the lowest since Feb 2018.
The market’s expectation for Fed rate cuts in 2019 are now 45bps!!

Zero Hedge’s mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information’s unending quest for freedom. Visit https://www.zerohedge.com
This post has been republished with implied permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.