Monday Market Movement – Morgan’s Misgivings

Morgan Stanley says we're in a Recession already.  

As you can see from this chart, the Treasury Yields are flashing signs we usually don't see until we are already deeply in a Recession only this time we're ignoring those signs, as well as dozens of other Economic Indicators that are screaming recession – to those who are willing to listen.  According to MS, "decelerations and disasppointments are mounting":

  • Cass Freight Index
  • Retailer earnings
  • Durable goods orders
  • Capital spending
  • PMIs
  • May payrolls
  • Semiconductor inventories


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