The spread between 10 year US bonds and 2 year US bonds is currently at 5 year lows and will likely go negative post the fed rate hike next week. This would most likely cause the US yield curve to eventually invert and is a harbinger of a decelerating/recessionary economy going forward. Will tax cuts save the day? I doubt it.
China Market Update: Mainland Sees Massive Buying, Hong Kong Growth Flies,
Week In Review
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Asian equities were mixed overnight, as Hong Kong, Mainland China, Taiwan,
and South Korea outperformed, gaining more than +1%. Meanwhile, Australia,
Indon...
12 minutes ago