Stocks, Bond Yields Plunge After Manufacturing Recession Signal

Following President Trump's tweets towards China and ISM confirming US Manufacturing is in recession, US equity markets and bond yields are tumbling....

Dow was down over 400 points, erasing all the gains from so-called "phone calls" last week with China...

And Treasury yields tumbled (after 30Y briefly topped 2.00% overnight)...

Source: Bloomberg

We're gonna need another fake phone call!!