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Wednesday, October 24, 2018

The Time Warner Towers at Columbus Circle in Manhattan were evacuated today after suspicious packages were mailed to CNN offices. The S&P 500 index fell another 3.09% in trading today (now firmly in correction territory, having dropped cumulatively more than 10% since the recent peak), with bond yields sliding on weak housing data, and the yield on 10-year USTs reaching nearly as low as 3.10%.

USA Today: “Suspicious packages sent to Clintons, Obamas, Soros, CNN: What we know so far
CNBC: “New home sales drop 5.5% in September to near two-year low
CNBC: “Treasury yields slide after the release of weak housing data
Atlantic: “George Papadopoulos Hopes to Fuel Republicans’ Suspicions About the Russia Probe

Categories: Uncategorized