'Our stock market is handcuffed to the bond market ... The momentum is with the bears, not the bulls,' Jim Cramer says.
Former Fed Chair Janet Yellenthat the yield inversion may not be signaling this time that a recession is on the horizon.
Cramer said a number of factors are worrying investors about the market. That includes thoughts that the ongoing U.S.-China trade war could destroy global commerce, short-term interest rates set by the U.S. Federal Reserve are too high, many foreign government bonds are sporting negative interest rates and Brexit, among other things, he said.
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