Something Weird Is Happening on Wall Street, and Not Just the Stock Sell-Off
Posted on AllSides March 12th, 2020
From The Left
Wednesday was an unsettling day on global financial markets, and not just because the stock market fell sharply enough to bring a decade-plus bull market to an end.
Underneath the headline numbers were a series of movements that don’t really make sense when lined up against one another. They amount to signs — not definitive, but worrying — that something is breaking down in the workings of the financial system, even if it’s not totally clear what that is just yet.
Bond prices and stock prices were moving together, not...
Some content from this outlet may be limited or behind a paywall.