Rabobank: What Is Coming Is A Bigger Economic, Market, And Geopolitical Earthquake Than …

Read more on this subject: Stock Market
News Story Source: https://www.zerohedge.com by Michael Every
Yesterday US stocks had the temerity to go down. Not a lot: S&P -0.13%, Dow -0.2%– but red, not green. It's apparently headline news. More significantly, markets are worrying the all-time high in stocks might not last for all time. The chatter / whisper is of a possible correction which, to be fair, it has been for a long time as stocks have kept levitating regardless. Meanwhile, as Treasury yields dropped to reverse the previous day's climb, 3-month USD LIBOR is still only just above the lowest level this year at 0.11% vs 0.24% at the start.

The Biden Admin's @BrianDeeseNEC on skyrocketing grocery prices: "If you take out" beef, pork & poultry, the "price increases are more in line with a historical norms" pic.twitter.com/yaaot03BdR
— Tom Elliott (@tomselliott) September 8, 2021

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