The business media had recently reported, to great fanfare, that the US yield curve had inverted and fallen below zero, with the last inversion happening in 2006. A ‘big deal’ was made out of this latest inversion, with sentiments spreading that it was now “doom and gloom” for the US economy. The S&P index fell 3.4% the next 2 days from the news and fear gripped the markets as investors fled for the exits.
Historically, the yield curve is one of the most commonly used tool to forecast the end of an economic cycle and previous data has reliably shown that recessions tend to occur after an inversion. However, what if we told you that there is more to this than meets the eye, and that there is more to it than what the media is actually telling us.
Join us for our latest US Market Overview Webinar on 25 September presented by Mr Roger Chan and Mr Chuang Ming Jun from PhillipCapital's Global Markets Desk Night Dealing Team. Beyond the US market outlook and latest economic happenings, they will also be sharing on previous inversions, technical analysis for major indices and sectors and some ETF trading ideas based on the current market situation.
Do not miss this informative webinar!
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