Reality Check

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Dow Drops 600 Points In 24 Hours As 30Y Yield Crashes To Record Low

US equity prices and US Treasury yields are tumbling after the disappointingly narrative-destroying retail sales data for ‘gas tax cut’-based December. The Dow is now down almost 600 points from yesterday’s highs  At 2.39%, 30Y Yields have never been lower…ever! US stock indices are down 3% year-to-date, testing the lows of the year. Crude is rolling back over, gold is surging, and the USDollar is fading…

Dow is down almost 600 points in 24 hours…

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