Daily Note | September 10, 2024 | KSM Cuts, Ally Financial Breeds Consumer Concerns
Summary
Markets remain flat as investors await more economic data, highlighting a tug-of-war between recession and soft/no landing scenarios.
The bond market leans towards recession, with the 10-year yield dropping to 3.66%, the lowest since May 2023.
Brent crude oil prices fall below $70/bl, breaking previous support and signaling recessionary pressures.
I…
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