WSJ: "Stocks, Bond Yields Fall Amid Anxiety Over World Economy"

Old_Joe

In a separate but related article, The Wall Street Journal also reports that "factory output in the eurozone fell in March at the fastest pace in six years, while a gauge of U.S. manufacturing activity slipped to its lowest level in nearly two years. The data sent bond yields tumbling, with the German 10-year bond yield trading in negative territory for the first time since 2016 and the yield on the 10-year Treasury note at 2.453%, a fresh low for the year. "

Additionally, the article notes that "stocks across the world retreated, with the S&P 500 losing 1.7% and benchmark indexes in France, the U.K. and Germany ending down more than 1% apiece.

“The global economy has clearly become an issue, with big headwinds there,” said Tim Anderson, managing director at broker-dealer TJM Investments, pointing to mounting worries particularly in Europe and China.

Ted

@MFO Members: The S&P 500 closed down 1.90% which proves never send a boy to do a man's job.
Regards,
Ted

Old_Joe

Well, if Ted thinks that the WSJ is a "boy", I guess he really is losing it. While the WSJ article did indeed earlier say 1.7%, I see that it has now been corrected to 1.9%.

Note: It will be interesting to see how long it takes Ted to enter yet another BS fake "update comment" in his "Closing Bell" masterpiece so as to push it out of his own personal link corral and into the coveted Comments+ category with the real posters. That's about the only way he can get his stuff there.