Marketplace’s Paddy Hirsch takes to his whiteboard – with some help from three little pigs – to explain one of the suggested methods of tackling the European debt crisis:
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The number-one story in the financial markets of late has been the run-up in longer-dated Treasury (UST) yields – which have climbed back to levels not seen since before the 2007 Financial Crisis.
The S&P 500 dropped more than 1% on Friday as oil prices surged and the job report came in well below estimates. An open around $95 for oil would place it at its next level of resistance and its highest price since September 2023.
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The economic slowdown reflects a normalization after years of volatility, particularly in sectors like rural America, and should not be seen as alarming.