Between tariff tweets and the dreaded inverted yield curve, none of tech giants emerged unscathed.
From the Washington Post: “Stocks tank as another recession warning surfaces“:
All major stock indexes sank after the yield on the 10-year Treasury bond fell below the rate on the 2-year Treasury bond.
This phenomenon, known as an inverted yield curve, has been a reliable, early indicator of a recession. It last occurred before the 2008 Great Recession.
My take: Apple opened Wednesday $5.81 (2.8%) below Tuesday’s close. Can’t catch a break.