Indicators Show Slowing Economy

Nel's New Day

Stock markets finished yesterday with the worst drop this year as Asian markets also badly slipped. As investors look for places to hide, gold prices jumped, and Japanese yen and Swiss franc advanced. They retreated to the 10-year U.S. Treasury bond with a 1.725 percent return while the volatility index temporarily leaped to 30 percent. During the last two weeks, the Dow Jones, down for five consecutive points, fell over six percent since its high on July 15. All 30 Dow stocks and all 11 market sectors went down yesterday, and tech-heavy Nasdaq plummeted 3.47 percent for the fifth worst session ever.

“The losers are anybody with big exposure to China,” said Ivan Feinseth, chief investment officer at Tigress Financial Partners. After Dictator Donald Trump (DDT) said he would levy more tariffs on almost all Chinese goods, China responded by allowing the yuan to slump below to its lowest exchange…

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