Big-Tech & Bonds Sink As Global Yield Curve Inverts For First Time In Decades | ZeroHedge
A wave of deflationary impulses overnight from European inflation data combined with headlines suggesting China could be easing its COVID restrictions supported futures overnight but by the time the US cash markets opened, stocks were already leaking lower (not helped by weak housing data). At around 1057ET, a headline hit that the Chinese city that houses the key iPhone production plant is set to loosen COVID restrictions - which would seem like good news - but instead it sent AAPL reeling and that dragged the entire market lower... This is a modal window. Beginning of dialog window. Escape will cancel and close the window. End of dialog window. By the close, Small Caps managed gains. The Dow managed to get back to unch with some last minute magic, but Nasdaq the biggest loser... The S&P traded around CTA momentum triggers: short-term 3879 medium-term 3969 (most important) long-term 4064 Fed Chair Powell is due to speak tomorrow - his last public address before the FOMC meeting - whic
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### Response: A wave of deflationary impulses overnight from European inflation data combined with headlines suggesting China could be easing its COVID restrictions supported futures overnight but by the time the US cash markets opened, stocks were already leaking lower (not helped by weak housing data). At around 1057ET, a headline hit that the Chinese city that houses the key iPhone production plant is set to loosen COVID restrictions - which would seem like good news - but instead it sent AAPL reeling and that dragged the entire market lower... This is a modal window. Beginning of dialog window. Escape will cancel and close the window. End of dialog window. By the close, Small Caps managed gains. The Dow managed to get back to unch with some last minute magic, but Nasdaq the biggest loser... The S&P traded around CTA momentum triggers: short-term 3879 medium-term 3969 (most important) long-term 4064 Fed Chair Powell is due to speak tomorrow - his last public address before the FOMC meeting - whic