Why the inverted yield curve has global markets on 'borrowed time'

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Why the inverted yield curve has global markets on 'borrowed time'
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ANALYSIS: Why the inverted yield curve has global markets on 'borrowed time'

While bond markets have become increasingly agitated, equities have remained relatively relaxed — until last night, at least.The BoAML team says history suggests a"last gasp" rally is likely.

The US has now declared China is a"currency manipulator" — but what does that mean and what effect will it have on the trade war? US corporate profits are not that great, and arguably not strong enough to sustain some pretty lofty expectations on equity markets. "Small and medium-sized businesses, where the majority of the US labour force works, are slowing their hiring. Manufacturing is the bellwether for the economy and tends to lead the jobs cycle."

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