Dow Jones, up 0.2%
S&P 500, up 0.24%
Nasdaq, up 0.57%
Aust dollar, US77.5c
I gave a talk to the Australia Israel Chamber of Commerce in Adelaide on Wednesday. Here is a summary of what I told them:
The chances of a recession are rising, as reflected in the resumption of the decline in bond yields to record lows (see chart below of the five-year bond yield).