US stocks opened sharply lower today and remains pressured at the time of writing. Currently DOW is down over -2.2%, below 25700 handle and broke yesterday’s low. The lift from delay in US tariffs on China was rather brief. Recession fears resurface, after big miss in Chinese data and GDP contraction in Germany in Q2.
Considering DOW stays below 55 day EMA, further decline remains in favor through 25440.39, to resume the decline from 27398.68, to 2468.47 support and below.
German 10-year yield hits new record low at -0.653 and drags down US yield too. 10-year yield is currently down -0.096 at 1.584. 30-year yield is down -0.096 at 2.041, after hitting new record low of 2.036 earlier in the session.
