|Data for week commencing 12 August 2019|
What a week! I’ve never had so many media outlets asking me to explain an inverted yield curve! I guess when you link this confusing concept for normal people to the R-word for recession, then you get mainstream media and normal people worried.
And Wall Street was scared as well. On Tuesday, the Dow Jones fell by 800.5 points (or 3.1%), ending the trade near session lows. And it was the biggest fall since October last year. The S&P500 fell by 2.9%, while the Nasdaq lost 242 points (or 3%).