Tag: stock markets
Amid the trade war, weakening economic indicators, and the yield curve inversion, Jeffrey Gundlach believes the Fed has lost control of interest rates.
The most-watched part of the yield curve inverted on Wednesday. When the curve inverted, it sent recession warnings across the markets.
Today, bond yields are sinking and stock markets are tanking as markets become fearful of an upcoming recession.
Goldman Sachs increased its year-end S&P 500 target to 3,100 from 3,000. It also reduced its 2019 earnings estimate for the S&P 500 by $6.
President Trump’s advisers want him to focus on strengthening the economy, even if he has to ease up a little on his trade war rhetoric.