Katie Barnado
Appearances
WSJ What’s News
Chinese Manufacturing Tumbles as Tariffs Bite
So over the last few days, we have seen an interesting recovery in stocks on hopes that perhaps the trade war won't turn out as badly as feared. And among the notable gainers are the big tech stocks, most notably Apple. are very heavily exposed to China. But of late, they have been notable rebounders.
WSJ What’s News
Chinese Manufacturing Tumbles as Tariffs Bite
Separately, we've seen some outperformances by some of the big old school industrial names or consumer discretionary names. It's more related to, by contrast, fears of a slowdown. These types of companies are traditionally viewed as being stronger bets when the economy is weaker.
WSJ What’s News
Recession Fears Rise as Global Selloff Continues
Meanwhile, we saw the US dollar weaken to its lowest of the year yesterday, but it's still holding near those lows. That's a bit of an interesting dynamic in that tariffs would typically cause the dollar to strengthen, but at the same time, it is viewed as a bit of a bet on the strength of the US economy. The other asset of interest is
WSJ What’s News
Recession Fears Rise as Global Selloff Continues
Global oil prices, they are continuing to fall off fairly steeply this morning, and that is on concerns about global demand and, again, on global recession.
WSJ What’s News
Recession Fears Rise as Global Selloff Continues
Perhaps the most notable is the fall in Treasury yields this morning, down below 4%. That is the lowest level since October. And that would appear to be on rising concerns about a US recession or even a global recession. Yesterday, we had JP Morgan say it now thinks a global recession is more likely than not this year. It puts the risk at about 60%.