Daily Note | September 10, 2024 | KSM Cuts, Ally Financial Breeds Consumer Concerns

Sep 10, 2024

∙ Paid

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…