U.S. conglomerate Berkshire Hathaway has mandated banks for a potential debut euro-denominated bond deal.» Read More
Good morning. Our quote of the day comes from Thomas Jefferson: "You have to have your heart in the business and the business in your heart." The economic calendar will get attention today as the revised Q3 Productivity--Factory Orders and ISM Services reports are due to be released.
The yield curve has not been this inverted (where short term interest rates are higher than long term) since December of 2000--and the last time around--that level of inversion foreshadowed a steep decline in the equity market.