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For your information, you can find below the description of the video Here's Why Stocks Are Selling Off published by the Youtube channel Bloomberg Television:
Wall Street is being rattled by data that show exactly what stock traders did not want to hear: a significant slowdown in the US economy and persistent inflation pressures.
Stocks are getting hit across the board, with the S&P 500 extending its April slide — as the economic figures fuel “stagflation” jitters, bringing even more uncertainty to the path of Federal Reserve policy. Swap traders reacted accordingly — pushing back the timing of the first rate cut to December. Treasuries sold off, with two-year yields spiking to 5%.
For analysis, Paul Sweeney and Molly Smith speak with Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams on Bloomberg Radio.
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Watch Bloomberg Radio LIVE on YouTube
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WATCH HERE: http://bit.ly/3vTiACF
Follow us on X: https://twitter.com/BloombergRadio
Subscribe to our Podcasts:
Bloomberg Daybreak: http://bit.ly/3DWYoAN
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Balance of Power: http://bit.ly/3OO8eLC
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Visit our YouTube channels:
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