World investors are backing off the US markets.
Wall street is now called Sucker street by Asians investors.
A 25% drop....
Whoops, doom monger don't tell you that do they? But it is a mechanical consequence of the trade deficit.
Meanwhile the headline oohs and ahhs over a move of 0.05% in the 5 year note, up to a ruinous 2.64% from 2.59%. Wow that's dire. Oh and the same day the 10 year droped 0.02% and the 30 year 0.04%. The very steep yield curve is "shallow-ing", that is all.