The latest released US September New York Fed Manufacturing Index took economists by surprise. This index plummeted from the previous 11.9 to -8.7, not only far below the market expectation of 5.0 but even worse than the most pessimistic forecast of -6.00. This data reveals the severe challenges faced by the US manufacturing sector.
At the same time, the U.S. stock and bond markets show a clear trend of differentiation. The bond market seems to reflect the real economic fundamentals, with the yields on 10-year and 2-year government bonds remaining under pressure. In contrast, the stock market
View OriginalAt the same time, the U.S. stock and bond markets show a clear trend of differentiation. The bond market seems to reflect the real economic fundamentals, with the yields on 10-year and 2-year government bonds remaining under pressure. In contrast, the stock market