Opening Hell! Markets In Sea Of Red Thanks To Global Slowdown And Fed Signals Of Tightening (Global Markets In Sea Of Red)
Confounded Interest ^ | 06/13/2022 | Anthony B. Sanders
Posted on 6/13/2022, 9:02:10 AM by Browns Ultra Fan
Today's opening bell is “Opening Hell!”
US Treasury 10Y yields are up +12.1 basis points as of 9:40am EST. And rising across the globe.
Equity markets? Dow is down -621.93 points and the NASDAQ is down almost -3%. But equity markets are down across the globe.
Commodities? Once again, all commodities in the red except corn (which I don't eat) and natural gas.
Speaking of opening hell. The US Treasury 10Y-2Y yield flattened to 7 basis points.
Markets are in a “Sea of Red.”
The FED will, announce their rate hike on Wednesday, and inflation is so bad investors are afraid of a big one.
The FED lowered rates to manipulate the market, WHICH IS NOT THEIR MANDATE AND S/H NEVER DONE.