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WSW Pro - Yield Curve Poised To Soon Give Recession/Bear Market Signal

Author

Michael Swanson
August 04, 2024

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The stock market took two big hits on Thursday and Friday last week, but the most important moves happened in the bond market, because the yields on Treasury bonds plunged, in market reaction to weak July monthly employment numbers.

On Thursday, there also were manufacturing numbers that registered a contraction for that sector of the economy. Several big cap tech companies reported earnings and said that they are spending more on “AI,” while reporting no benefit to their bottom line from it at all.

Chip stock INTC crashed.

AMZN also said it is seeing a slowdown and it’s stock dumped.

But, here is where the most important move was.

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