I think the yield has worried investors. Some investors believe that it's a signal that a recession lies ahead. I believe that is a faulty interpretation.
That was a signal that we were headed toward distress.
There will be some early applause from Wall Street, but it will be subdued because there is a long road ahead. It does not signal the end of terrorist attacks both around the world and in the United States.
Does this signal a policy change in Washington?