Is Not Broke – Recession Proof Wallet

Markets are suffering sharp losses following an eventful three-day weekend that featured heightening geopolitical tensions amidst a violent selloff in Japanese debt that sent yields on the longest tenors to all-time highs.

Compared to extraordinary events, election-period volatility is not an outlier.

After last week’s slew of second-tier data, it seemed as if the Treasury market had made up its mind-the economy is finally turning over and headed toward a recession sooner rather than later.