Yep, it’s Fake News, and such liberal propaganda always makes its way to FR.
Here’s a different take on the drop.
Lots of “yield curve inversion” talk.
Don’t see that as significant these days since QE.
And also a big purchase of long-term Tbills would affect it- even though a good thing.
Trump said China would IMMEDIATELY take steps. A big purchase of USTreasuries to support the Yuan would be in line with that.
Besides causing an inversion it would also temporarlty hurt bank stocks by bringing interest growth expectations down. And hurt investors who were betting against Trump’s success.
But I’m no expert, not even in the market. Most of what goes on makes no sense to me.
For later